- Hyundai will invest Rs. 6300 crores in India
- The Santro will be launched in India this year
- Expect the 1st electric vehicle to come to India by 2020
Hyundai showcased the i20 facelift and also the Ioniq electric vehicle at the Auto Expo 2018. The company went ahead and launched the i20 facelift at a starting price of ₹ 5.34 lakh. But the company is developing new products for India and there’s a significant amount of investment that the company will be making in that stead. Hyundai announced that it will be launching 9 new products in the Indian market by 2020. This will include 3 facelifts, 2 new segment entries, 4 full model changes and 1 electric vehicle.
We know for a fact that the Santro will be launched in India and the company is mulling over bringing out an electric vehicle to India.
The Santro will be launched in 2018
The electric car will not be manufactured in India though and is likely to be either the Kona or the Ioniq which will be assembled in the country.
Hyundai MD & CEO, YK Koo talks about the new i20 at the Auto Expo 2018
The company has grand plans for India which includes investment of over USD 1 billion (around ₹ 6,300 crore) in India in the next three years on new products, development of powertrain and setting up of a new office building.
We expect the Hyundai Kona to be launched in India soon
Considering the demand for the cars in the coming years, we asked Mr. Y.K. Koo, MD, CEO, Hyundai said that the current Chennai plant has enough extendable capacity for the next three years and there’s no plan to currently set up a plant anywhere else