Hyundai’s Bold 2030 Vision: India to Get Its First Locally Designed Hyundai EV EV & Pune Plant to Expand Massively!
Hyundai Motor Company has just unveiled an ambitious 2030 vision, placing India at the forefront of its global growth and electrification strategy. In a landmark announcement at the CEO Investor Day in New York, the automaker confirmed that India will receive its first locally designed Hyundai EV before 2030, supported by a fully localized supply chain. This move underscores Hyundai’s deep commitment to the Indian market and its pivotal role in the company’s future.
India-First EV: Affordability and Local Sourcing at the Core
This marks a significant milestone: They will design an Hyundai EV exclusively for Indian consumers, a first for the company. This “India-first” EV will prioritize affordability, practicality, and local sourcing, aiming to democratize electric mobility and drive wider adoption across the country. By tailoring the vehicle entirely for the local market, Hyundai aims to bridge the gap between premium imported EVs and smaller, budget-friendly options, making electric cars accessible to the mass market.
Pune Plant to Become a Global Production Powerhouse
Further solidifying India’s strategic importance, Hyundai announced a major expansion of its Pune multi-model export hub. This facility is set to contribute an additional 250,000 units to Hyundai’s global production capacity by 2030. This expansion will not only support domestic growth but also reinforce India’s status as a critical export base for Hyundai worldwide, showcasing the country’s manufacturing prowess on a global stage.
India: A Key Pillar in Hyundai’s Global Electrification Journey
India is poised to be a major contributor to Hyundai’s global target of 5.55 million vehicle sales by 2030, with 3.3 million being electrified vehicles (including hybrids, EVs, and EREVs). Hyundai EV plan in india will enhance its already strong SUV portfolio (featuring models like the Creta and Venue) and align with the government’s push for sustainable mobility. The company’s strategy involves delivering comprehensive electrified portfolios across all segments, localizing production in key markets, and leveraging breakthrough technologies, with India at the heart of this transformation as both a sales market and a global innovation hub.
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