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Hyundai lines up Rs 4,000 cr investment to drive in 6 EVs in India by 2028

South Korean auto major Hyundai plans to invest around Rs 4,000 crore to drive in around six electric vehicles in India by 2028.

The company is planning to roll out a mix of models based on its existing range as well as completely new vehicles based on its global platform ‘E-GMP’ over the next few years.

In an interaction with PTI, Hyundai Motor India MD & CEO S S Kim said that the company is gearing up to expand its presence in the EV space in the country in a big way with the first of the six new products being expected to debut next year.

The company would invest around Rs 4,000 crore in the R&D towards the six-model line up till 2028.stment

Source
business-standard
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