After Creta EV, Hyundai to launch 3 more electric vehicles

Hyundai Motor India Limited on Wednesday announced that they will be expanding their electric vehicle lineup significantly in the coming years. The company plans to roll out Creta EV in the fourth quarter of this fiscal year and then the brand will go on to launch three more electric vehicles in the next few years. 

The company is investing in building a localized supply chain for battery packs, powertrains, and battery cells, reducing dependency on imports and supporting domestic industries. HMIL's focus on expanding EV charging infrastructure is crucial for addressing range anxiety and encouraging wider adoption of electric vehicles, this is one of the major reasons behind a few people being reluctant to opt for an EV. 

As of now, it is not known what all-electric vehicles is Hyundai planning for the Indian market. If we would have to take a guess, then we would say that the brand will bring an affordable EV which will be priced around the Tata Punch. There is a possibility that there will be a premium electric vehicle eventually in the lineup. The brand currently only has two electric vehicles - Kona Electric and Ioniq 5. 

The company's planned investment of ₹32,000 crore over the next decade demonstrates its long-term commitment to the Indian market. HMIL says that they are looking forward to the festive season demand.