Top News

• Hyundai Motor Group announced a major expansion of its EV research network in India
• India is one of the fastest growing automobile markets in the world
• This new move by Hyundai is likely to further boost the EV industry in India

The competition in the electric vehicle (EV) market in India is increasing day by day. Initially there was a race between companies to launch new EV models, but now the competition is not limited to cars only. Auto companies are now focusing more on battery technology, local manufacturing and India-specific research and development (R&D). It is against this backdrop that Hyundai Motor Group has announced a massive expansion of its EV research network in India.

Companies are trying to develop new technologies in India itself keeping in mind the needs of Indian consumers, climate, road conditions and price sensitivities. This is leading to increasing the efficiency of EV cars, reducing charging costs and improving battery durability. It is against this backdrop that Hyundai Motor Group has announced a massive expansion of its EV research network in India. The company will also increase investment in local engineers and technology experts along with setting up more advanced research facilities in India.

This decision by Hyundai shows the growing importance of the Indian EV market. As India is one of the fastest growing automobile markets in the world, many global companies are making long-term plans here. In particular, government incentives for electric vehicles, expansion of charging networks and growing consumer trends are creating huge opportunities in the EV sector. According to experts, the real competition in the EV sector in the near future will be more about “who develops more advanced and affordable technology” than “who launches more cars”. Therefore, strengthening research, battery production and local supply chain has become very important for auto companies. This new step by Hyundai is likely to further accelerate the EV industry in India, providing customers with better, safer and more economical electric vehicles in the future.

“These” are the best budget sports bikes which are the first choice of youngsters in low budget

Hyundai’s growing strength in India

Hyundai Motor Company is a leading automobile manufacturer in South Korea and is counted among the largest automobile companies in the world. Hyundai is known for advanced technology, attractive design and developing vehicles according to customer needs. The company has created a distinct identity in the global market through petrol, diesel, hybrid and electric vehicles. Hyundai started its journey in India in the 1990s. Within a few years the company won the trust of Indian consumers and today it has become one of the leading car companies in the country. Hyundai has been successful in providing vehicles with modern features, good mileage and emphasis on safety especially for the middle class customers.

Through Hyundai Motor India Limited, the company developed special models for the Indian market. Hyundai’s range of vehicles in the hatchback, sedan and SUV segments are popular among consumers. The company has a wide range of cars suitable for city use to long distance travel.

Kia India’s new Battery as a Service scheme; The EV revolution in India will gain momentum!