Hyundai is charging full speed into the future with a clear focus on India, unveiling plans for a budget-friendly electric SUV tailored for the Indian market. This high-volume, mass-market EV is set to hit showrooms by late 2026 or early 2027, promising aggressive pricings to capture the attention of cost-conscious buyers. The companyโs broader vision is equally bold, aiming for 5.55 million global vehicle sales by 2030, with electrified vehiclesโEVs and hybridsโmaking up nearly 60% of that total. This push underscores Hyundaiโs commitment to sustainable mobility, innovative designs, and expanded manufacturing capabilities.
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India-Centric Electric SUV: Affordable and Packed with Range
Hyundaiโs upcoming India-specific EV is designed to appeal to the masses, drawing styling inspiration from its popular sub-4-meter SUVs like the Venue and Exter, while incorporating sleek design elements from its global Ioniq and Inster Electric lineups. Positioned below the Creta Electric, this new SUV will prioritize affordability through extensive use of locally sourced components. Buyers can expect two battery options at launch, delivering a driving range exceeding 450 kilometers on a single charge, making it a practical choice for urban and semi-urban drivers alike.
Global Electrification Goals: Hybrids and EVs Take Center Stage
Hyundaiโs long-term strategy is laser-focused on electrification, with a target of 3.3 million annual sales of electrified vehicles by 2030. The company plans to roll out over 18 hybrid models across its portfolio, including its luxury Genesis brand, which will begin transitioning to hybrid powertrains as early as 2026. A hybrid version of the Palisade SUV is already confirmed, signaling Hyundaiโs intent to blend performance with efficiency across its lineup. Additionally, Hyundai is working on Extended Range EVs, set to debut by 2027, boasting an impressive range of up to 965 kilometers through advanced battery and powertrain integration.
Region-Specific EV Plans
Hyundai is tailoring its EV strategy to suit different markets. In Europe, the Ioniq 3 will lead the charge, while India will see the launch of this locally developed mass-market EV. In China, Hyundai is focusing on producing the Elexio SUV and a new electric sedan, showcasing its ability to adapt to regional demands while maintaining a global presence.
Luxury and Commercial Ventures
In a bid to tap into Indiaโs growing appetite for premium vehicles, Hyundai is exploring the introduction of its Genesis luxury brand, carefully assessing market demand. On the commercial front, Hyundai is eyeing the North American market with a new midsize pickup truck, building on the success of the Santa Cruz. The company is also developing vans and hydrogen fuel cell trucks, signaling its ambition to diversify into commercial mobility.
Upcoming Launches and Updates
The Hyundai is keeping the momentum going with a slew of new and updated models. The all-new Venue is set to debut next month, featuring refreshed interiors and exteriors. Facelifted versions of the Ioniq 5, i20, and Verna are also in the works, with testing already underway. These updates reflect Hyundaiโs commitment to staying ahead of the curve in design and technology.
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Why This Matters for India
Hyundaiโs focus on an affordable, locally developed electric SUV is a game-changer for Indiaโs EV market. By combining competitive pricing, a range of over 450 kilometers, and familiar SUV styling, Hyundai is poised to make electric mobility accessible to a broader audience. With its global electrification goals and region-specific strategies, Hyundai is not just adapting to the futureโitโs shaping it.
