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Hyundai targets India, the world's 3rd largest car market, with a focus on SUVs and electric vehicle

Hyundai targets India, the world's 3rd largest car market, with a focus on SUVs and electric vehicle

 

Hyundai Motor Group Chairman Chung Eui-sun visited India, toured Hyundai-Kia India Technical Center and Hyundai's local factory, and discussed long-term growth strategies with local staff.

 

By 2030, India's car demand is expected to reach 5 million units, with 48% being SUVs and 1 million being electric vehicle.

 

The Indian government aims to expand electric vehicle sales to 30% of total car sales by 2030 and is pursuing robust electric vehicle policy.

 

Hyundai is launching India-specific SUV models like the Exter and plans to introduce five electric car models by 2032.

 


 

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