Key Points
Hyundai will setup a 1.78 lakh unit battery assembly plant, install 100 EV charging stations and also increase its IC-vehicle production...
The company will make further inroads into electric vehicles and modernisation of vehicle platform by investing Rs 20,000 crore in a phased manner over the period of 10 years (2023 to 2032)...
Unsoo Kim said As part of our long-term vision, we have finalised plans to develop and establish Tamil Nadu as a base for Hyundais electric vehicle manufacturing in India..
The OEM will set up a battery pack assembly unit with annual capacity to assemble 1,78,000 batteries; install 100 EV Charging Stations at key locations in major highways over a period of 5 years..
Hyundai Motor India will further increase the total production volumes to 8,50,000 units per annum and introduce new electric and ICE vehicles from its factory in Sriperumbudur..
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