Hyundai investing US$530mil to launch EVs

Hyundai, India’s second largest carmaker, will launch affordable and premium electric models including sport utility vehicles and sedans, starting with its EV in 2022, said Tarun Garg, director sales and marketing for Hyundai Motor India. (File pic shows a Hyundai electric car.)

NEW DELHI: South Korea’s Hyundai Motor Co plans to invest 40 billion rupees (US$530mil or RM2.23bil) to launch six electric vehicles (EVs) in India by 2028, making a clean driving push in a country with some of the world’s most polluted cities.

Hyundai, India’s second largest carmaker, will launch affordable and premium electric models including sport utility vehicles and sedans, starting with its EV in 2022, said Tarun Garg, director sales and marketing for Hyundai Motor India.