The first electric vehicle to be produced at Hyundai Motor Company’s plant in the third-largest car market in the world, the Creta, will be introduced in India in January.
Hyundai will expand its SUV selection for Indian drivers with the introduction of the electric Creta, with the goal of increasing yearly production to one million units by 2030. Even though it cut its global vehicle sales targets for 2030 by 6%, it still intends to introduce four more EV models in the South Asian market.
In July 2015, the Creta made its debut in India. Compared to other SUVs, the model has a larger back seat room because of India’s large-family lifestyle.
In order to handle the bad road conditions in the nation, it has a larger bumper height, or the vertical distance between the ground and the bottom of the bumper. It has an interior air purifier as well.
Hyundai Upcoming vision on EV
Hyundai expects demand for battery electric vehicles (BEVs) in India to rise significantly by the end of the decade, by which time it aims to have a strong line-up of models specifically tailored for the local market. They will be powered mainly by lithium-ion phosphate (LFP) batteries produced by Indian battery maker Exide Energy Solutions Ltd.
The company also plans to build a network of charging stations at strategic locations across the country to help drive up demand. Hyundai Motor India’s initial public offering (IPO) this week garnered US$3.3 billion, which would be used to finance the subsidiary’s growth in the second half of the decade. Encouraged by its successful launch, Hyundai debuted the light-compact SUV Exter in 2024 and the three-row SUV Alcazar in 2021.
After selling over 47,000 units in the first six months of its release, the Exter was awarded India’s 2024 vehicle of the year. Since then, Hyundai has expanded its SUV inventory to six models, including the Santro compact hatchback and the i10 hatchback, by adding two compact SUVs, the Venue and Tucson, as well as its first all-electric crossover, the IONIQ 5. In addition, the Korean automaker plans to construct 485 EV charging stations throughout India by 2030. Hyundai and its subsidiary Kia Corp. will create lithium-ion phosphate (LFP) batteries, which will be mass-produced by Indian battery manufacturer Exide Energy Solutions Ltd., to power their first EVs designed specifically for India.
