Hyundai Motor India plans to invest Rs 7,000 crore on its second plant at Talegaon in Maharashtra, aiming to increase sports utility vehicle sales to 65% of its overall volumes in 2024. The company also plans to introduce the new Creta mid-sized SUV and commence production at the newly acquired plant.
South Korean auto major Hyundai Tuesday launched its full-electric SUV Kona in India priced at Rs 25.3 lakh, and sought government support for electric vehicles (EVs) for personal usage, not just for fleets. The company, which is present in the country through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), is also planning to develop a mass market EV for India to add to its newly launched full-electric SUV Kona.