Hyundai to Enhance Manufacturing Capability in India, Goals to Contribute Extra in EV Phase

South Korean auto main Hyundai Motor Group on Thursday stated it’s seeking to increase the annual manufacturing capability throughout Hyundai and Kia manufacturers in India to fifteen lakh items per yr, as a part of its mid-to-long-term technique within the nation.

Outlining the corporate’s technique for the Indian market, Hyundai Motor Group (HMG) Govt Chair Euisun Chung stated the automaker plans to roll out extra EVs, whereas additionally using the nation as an export hub for the neighboring nations.

Chung visited India on April 23 to evaluate the group’s mid-to-long-term methods to solidify its place as a number one mobility supplier. Hyundai Motor Group is increasing its manufacturing footprint within the Indian area with the institution of an annual manufacturing system of 1.5 million car items for Hyundai Motor India and Kia India mixed, the automaker acknowledged.

Hyundai Motor India will begin working its Pune plant, acquired from Basic Motors final yr, within the second half of subsequent yr. Hyundai Motor is at the moment bettering the power to create a manufacturing hub able to constructing greater than 200,000 items yearly, it stated.

With the addition of the Chennai plant’s manufacturing capability of 824,000 items, Hyundai Motor may have an annual manufacturing capability of over a million items when mixed with the Pune plant, it added. In addition to, Kia India’s yearly manufacturing capability may even be expanded to 431,000 items inside the first half of this yr.

“Mixed collectively, Hyundai Motor Group may have the power to supply roughly 1.5 million items yearly in India,” HMG stated. The group additionally plans to increase its EV lineup and create an EV ecosystem to speed up buyer uptake and increase charging infrastructure.

It is going to additionally strengthen its SUV gross sales management in India, HMG stated. Hyundai Motor India plans to unveil its first domestically produced EV in India subsequent yr, it stated.

Beginning with the mass manufacturing of its first electrical SUV mannequin on the Chennai plant on the finish of 2024, the corporate plans to additional produce 5 EV fashions by 2030, it added. Hyundai Motor India may even make the most of its gross sales community hubs, increasing the variety of EV charging stations to 485 by 2030, HMG stated.

Kia India may even begin manufacturing of its native EV mannequin in 2025 and plans to additional increase its EV fashions, it added. The corporate may even concentrate on constructing EV charging infrastructure, it acknowledged.

In the meantime, Hyundai Motor India sells fashions like Creta, Verna whereas Kia India sells fashions like Seltos, Carens and Sonet within the nation.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)