EV mkt may grow steadily until 2030: Hyundai India
Business Standard|October 12, 2024
Royalty outgo rate to be 3.5% for long period, says automaker's CFO
DEEPAK PATEL
EV mkt may grow steadily until 2030: Hyundai India

The Indian electric vehicle (EV) market is expected to grow "strongly and steadily" through 2030, as many companies turn their focus to this segment, supported by strong government leadership, Unsoo Kim, managing director (MD) of Hyundai Motor India (HMIL), stated on Friday.

Kim's optimism comes at a time when electric car sales in India have been declining for several months now.

In September, 5,874 EVs were sold, marking an 8 per cent year-on-year (Y-o-Y) drop, according to data from the Federation of Automobile Dealers Associations (Fada).

HMIL's chief operating officer (COO) Tarun Garg stated that the company's first high-volume EV, the Creta EV, will be launched in the last quarter of the current financial year.

هذه القصة مأخوذة من طبعة October 12, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 12, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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