The first locally designed EVs for India is a part of Hyundai's global product Roadmap, while the brand also planned to expand its production capacity at the Pune plant.
The Hyundai Motor Company recently held its first CEO Investor Day, unveiling its ambitious development strategy as part of the roadmap under Vision 2030. The automaker announced several schemes, including several upcoming models in various markets including India. Hyundai's first locally designed electric vehicle for the Indian market is part of the product roadmap by 2030, while also expands its production capacity in the country.
The first locally designed Hyundai EV is coming soon
Hyundai first announced a plan to go fast in the Indian market, and the upcoming EVs will be part of the same strategy. The South Korean car manufacturer stated that the upcoming EV “will be designed for especially local drivers, while the market will also benefit from a local supply chain.”
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While the Hyundai buyer Electric is the first mass-market EV of the brand for Electric India, the upcoming offering may be a more mass-market model at the more accessible price point. Hyundai does not have an entry-level offer to take Tata Panch EV, MG Comat, and in this way, and it can be the place that can be seen to enter the brand, which can provide a good mixture of volume and accessibility.
Hyundai also talked about expanding production capacity in his Pune facility by 2.5 lakh units by 2030 on CEO Investor Day. The move aims to strengthen India as an export center for the automaker. Extension is a part of Hyundai's large plan to add 1.2 million additional production units globally in many plants over the next five years.
Hyundai aims to achieve sales of 5.55 million global vehicles by 2030, out of which 3.3 million vehicles are expected to be electrified vehicles including 18 hybrid models. To improve the demand to improve the demand to improve the demand to improve demands in new product segments such as mid-size pick-up and light commercial vehicles. In addition to the new EV for India, the brand has a new electric sedan for the European market for the European market, Alexio for China and a new electric sedan in works. An extended range EV lineup of the model is also on the card globally since 2027, which promises to offer a driving range over 966 km, reducing the transition between internal combustion and complete electrification.
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In addition, Hyundai will work on the next generation of software-defined vehicles with a new platform in work. The car is also working on the manufacturer's luxury arm, genesis, extended range EV, hybrid and all-electric powertrain options. There is a new major SUV in the functions of the Genesis brand, which will come out globally in the coming years. The automaker stated that the luxury brand is targeting annual sales of 350,000 units by the end of this decade. In particular, Hyundai India recently showed the intention of bringing the Genesis brand to India, which may help in scale volume in the coming years.
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First published date: 20 September 2025, 12:34 pm IST