Hyundai plans to scale up production capacity, introduce more EVs in India
EVs, while also utilising the country as an export hub for the neighbouring countries. Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify its position as a leading mobility provider.
Hyundai Motor Group is expanding its manufacturing footprint in the Indian region with the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined, the automaker stated.
Hyundai Motor India will start operating its Pune plant, acquired from General Motors last year, in the second half of the next year.
Hyundai Motor is currently making improvements to the facility to create a production hub capable of building more than 200,000 units annually, it said.
With the addition of the Chennai plant's production capacity of 824,000 units, Hyundai Motor will have an annual production capacity of over one million units when combined with the Pune plant, it added.
Besides, Kia India's yearly production capacity will also be expanded to 431,000 units within the first half of this year.
«Combined together, Hyundai Motor Group will have the ability to produce approximately 1.5 million units annually in India,» HMG said.
The group also plans to expand its EV lineup and create an EV ecosystem to accelerate customer uptake and expand charging infrastructure.
It will also strengthen its SUV sales leadership in India, HMG said.
Hyundai Motor India plans to unveil its first locally produced EV in India next year, it said.
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