Hyundai Planning Electric SUV Exclusively For India

Hyundai is expected to launch an electric SUV in the coming years with high localisation of up to 90 per cent in the mass market segment We have informed you of the rumours surrounding Hyundai bringing in electric vehicles to India in the near future. The South Korean auto major has endured decent success with the Kona Electric SUV and since it is the second largest carmaker in the country, a first-mover advantage in an affordable EV space could pave way for a substantial growth in the coming years. According to a recent report emerged on the internet, Hyundai is working on launching a volume-based electric vehicle. In an interview, Seon Seob Kim, Managing Director & CEO, Hyundai Motor India Limited (HMIL), said that if more mass market EVs are introduced in the segment, it will gain traction and thus the company is developing an affordable electric car for the domestic market. But, he did not reveal any detailed information on the product except stating that the brand’s R&D team is working on a suitable body style for India. He further stressed the development will depends on how the market evolves and the requirement of the potential buyers. The report further said the body type will more likely be a SUV in the coming year.Read more at: https://gaadiwaadi.com/hyundai-planning-electric-suv-exclusively-for-india-report/Having a mass market electric SUV definitely makes all the sense as SUVs/crossovers are gaining plenty of attention. Hyundai is planning to invest more than 40 billion USD in developing new technologies and innovations pertaining to self-driving and eco-friendly mobility. Globally, Hyundai is aiming to launch as many as 44 electrified models by the middle of this decade. The ambitious sales target is set at 1.67 million units per year. Hyundai will be targetting high localisation with the upcoming electric vehicle of up to 90 per cent reportedly as it said to be working closely with suppliers and for battery and critical components, it is convening with LG Chem. Earlier this year, the central government increased the basic custom duty of CBU or CKD based EVs. It went up from 5 to 15 per cent and resulted in the price hike of Kona Electric. The good reception for Tata Nexon EV should give more players confidence to launch more EVs in the coming years.The i20 comes equipped with some of the best-in-class features, while also gets the most powerful powertrains in the premium hatchback segment Hyundai Motor India Ltd (HMIL) recently launched the third-gen version of the popular i20 hatchback in the country, and just like the previous-gen model, the new-gen hatch has set new standards in the premium hatchback segment. The i20 comes packed up to the brim with features, and is certainly the most feature-rich car in the segment. While the i20 is better equipped than all its rivals, it also challenges cars one or two segments above it, as far as features are concerned. While the top-end Asta variants get a class-leading 10.25-inch touchscreen infotainment system, the mid-level Sportz trim gets a smaller 8.0-inch unit. Surprisingly, the smaller 8.0-inch screen offers a unique connectivity feature that the top-end variants do not offer. The Sportz variant of the new-gen i20 comes with wireless Apple CarPlay and Android Auto – something that is currently not offered with any other car in the Indian market under Rs 40 lakh.Read more at: https://gaadiwaadi.com/hyundai-i20-first-made-in-india-car-with-wireless-apple-carplay-android-auto/