The Chennai plant will build the company's first electric sports utility vehicle by the end of 2024. The company earlier planned to introduce five EVs by 2032. Hyundai India and Kia recently signed an agreement with Exide Energy Solutions to pursue the local production of batteries for EVs.
Hyundai India will use its sales hubs to expand the number of EV charging stations to 485 by 2030. The plans were announced as part of Hyundai Motor Group Executive Chair Euisun Chung's visit to India. Chung addressed his first overseas town hall meeting with Hyundai Motor India employees.
This story is from the April 26, 2024 edition of Business Standard.
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This story is from the April 26, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
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