Hyundai Creta EV launch
The Hyundai Creta EV will aim at the hotbed of the EV market in India and aims to gain crucial momentum in the space. This comes as a part of the Korean automaker’s plans to establish itself as a credible EV maker in the country. Hyundai’s top-down approach saw the introduction of CBU and CKD units in the form of the Hyundai IONIQ 5 and the Hyundai Kona EV.
With the Creta EV, the automaker wants to derive an electric powertrain from an existing architecture that supports ICE powertrains. As per the report, this will be followed up by the complete localisation of Hyundai-Kia’s E-GMP EV platform for use in India and other global markets. By the time the Creta EV is ready to hit the market, the brand would have sorted its crucial back-end aspects such as sourcing, manufacturing and the charging infrastructure.
The Korean automaker is bracing itself for an electric vehicle onslaught and is expected to launch as many as 6 EVs in India by 2028. The company has already begun to upgrade its Chennai facility, which reportedly has seen a lot of activity lately. The production facility is being repurposed to accommodate the production of ICE-platform-based electric vehicles. The company has already invested Rs 1,472 crore in the expansion of plant capacity to 8.5 lakh units citing future demand. Hyundai Motor Company is also committed to spending around Rs 4,000 crore for the introduction of EVs into its India portfolio.