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Hyundai India Shifts Gear to Hybrid EVs for a Cleaner Mix
Mint Chennai
|May 17, 2025
Company didn't reveal specific hybrid targets; announces 20 new ICE, six EV models by 2030
Hyundai Motor India Ltd is preparing to introduce hybrid electric vehicles over the next few years, seeking to include more clean-fuel cars in its overall portfolio. India's second-largest passenger vehicle manufacturer had just a 1% contribution from electric vehicles in its overall product mix in 2024-25. Hybrid cars have both gasoline-powered engines and electric motors.
At a post-earnings media briefing on Friday, Hyundai Motor India's management refrained from setting a specific target for increasing the number of clean fuel cars in the company's overall product portfolio. However, the company expects to exceed the domestic industry's average for hybrid electric vehicles by 2029-30, they said.
Hyundai Motor India, a subsidiary of South Korean automotive giant Hyundai Motor Co., plans to launch 26 vehicle models in India by 2030—20 of which will be powered by conventional internal combustion engines (ICE), while the other six will be electric vehicles. This product pipeline doesn't include Hyundai Motor India's plan to launch hybrid vehicles.
Denne historien er fra May 17, 2025-utgaven av Mint Chennai.
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