Three Dedicated EVs Coming To India Soon; ₹32000 Crore Investment Earmarked: Hyundai India

Hyundai Motor India Limited has reaffirmed its ambitious plans for the Indian electric vehicle (EV) market, making significant announcements about upcoming EV launches, manufacturing investments, and operational developments. These announcements were made with the company's Initial Public Offering (IPO) event, signalling a strong commitment to leading the EV transition in India.

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Tarun Garg, Chief Operating Officer (COO) of Hyundai India, confirmed the upcoming launch of the Hyundai Creta EV, a highly anticipated electric variant of the company’s best-selling SUV. According to Garg, the Creta EV will be officially launched in Q4 of 2025, with earlier reports hinting at its arrival as early as next year. This reiteration signals that the Creta EV will play a significant role in Hyundai’s strategy to dominate the growing Indian EV market.

Hyundai’s Pune plant is set to play a crucial role in this EV push. Gopalkrishnan CS, Chief Manufacturing Officer of HMIL, disclosed that the Pune facility, slated to begin operations in the second half of 2025, will be highly automated. This focus on automation will allow Hyundai to scale its EV production efficiently, positioning it as a key player in India's evolving automotive landscape.

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More importantly, Hyundai is committed to localising its EV supply chain in India. This strategy not only reduces dependence on imports but also aligns with the government’s vision of “Make in India” for EVs. Garg emphasised that the localisation of the EV supply chain would be central to Hyundai's efforts, allowing the company to offer more competitively priced electric models.

Hyundai also announced plans to launch three dedicated EV models in the Indian market, though no specific launch dates were revealed. These upcoming models are expected to diversify Hyundai’s EV portfolio, appealing to a broad spectrum of Indian consumers. While the exact details of these EVs remain under wraps, their development reflects Hyundai’s commitment to rapid expansion in the electric mobility space.

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As part of its long-term EV strategy, Hyundai India has earmarked a whopping ₹32,000 crore investment. This investment will be channelled toward ramping up production capacity, localising EV component manufacturing, and strengthening Hyundai's R&D capabilities in India. This significant financial commitment underscores Hyundai's confidence in the Indian market’s potential for EV growth.