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Hyundai believes that by 2030 a major chunk of the Indian four-wheeler market will be electrified and thus more affordable EV models will have to be launched.
Tata Motors unveiled the fully electric version of the Nexon a few days ago, which will be launched under Rs 17 lakh in January. In addition to the electric version of the Altroz, an all-new vehicle and electric Tigor will take Tata Motor’s tally to four models in the EV space before December 2020.
As for Hyundai, more than 300 units of the Kona have been booked in India.
“Electrification will be a major factor of our long-term strategy not only for HMI (Hyundai Motor India) but also for HMC (Hyundai Motor Corporation). Regional and local implementation will be different depending on each country specific situation. In the case of India, where the government, very strongly, is pushing for electrification of auto sector, we think that by 2030 electrification of four-wheelers will be much more prevalent,” said SS Kim, Managing Director and CEO, HMI, in an interview with Moneycontrol on the sidelines of unveiling the Aura sedan.
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