After Creta EV, Hyundai to launch 3 more electric vehicles

Hyundai Motor India is expanding its electric vehicle lineup, starting with the launch of the Creta EV this fiscal year, followed by three more models in the coming years. The company is focusing on developing a localized supply chain for batteries and powertrains to reduce dependency on imports. This move aims to address range anxiety and encourage wider adoption of electric vehicles in India. Hyundai’s planned investment of ₹32,000 crore over the next decade shows its long-term commitment to the Indian market. The company is also set to launch its IPO on October 15, 2024, aiming to raise ₹27,855 crore.