From EVs for India to raising output, Hyundai outlines 2030 plan

Electric vehicles (EV) will by 2030 comprise around 60 per cent of Hyundai Motor Company's projected global sales of 5.55 million, said the South Korean automaker on Friday as it committed to expanding manufacturing in India.

- SHINE JACOB

Ofthe 1.2 million units targeted to be manufactured globally by 2030, as many as 250,000 will at the Pune multi-model export hub. The company will roll out the first EV designed for Indian drivers and meant to gain from the local supply chain. The company’s roadmap for 2030 expects significant growth in North America, Europe and Korea as EVsales reach 3.3 million.

“In an industry facing unprecedented transformation, Hyundai is uniquely positioned to win through our unmatched combination of compelling products, manufacturing flexibility, technology leadership, outstanding dealer partners and global scale,” said José Mufioz, President and chief executive officer (CEO) of Hyundai Motor, in New York.