Hyundai has confirmed to introduce 6 EVs in India by 2028. Some might be the electrified version of the current IC engine cars, such as Venue. The Korean manufacturer had previously stated to bring a mass EV market by 2024, specifically for the Indian market.
KONA is the only electric vehicle in India in their lineup, with a price range of ₹23.79-23.97 lakhs. A more affordable EV needs to be launched to make space in the developing EV market. While there is no official word, we expect the Venue EV to be the first one converted.
The Venue is running in the compact SUV segment and has performed well. Hence it would be the right pick and go against the Nexon EV with no rivals in a similar price range. The Venue EV could be run by a 30kWh battery with a range of 300-400 kilometers. The expected charging time could be overnight for a full charge with optional fast chargers.
Electric Global Modular Platform
Hyundai will cater to both premium & mass segments with the respective platforms. The upcoming EVs are expected to be based on a modified platform and the E-GMP platform like the iONIQ 5.
This platform is based on the following four pillars:
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The underpinned vehicle chassis includes the motor, battery & power electric system. This platform is compatible with accommodating changes for other body types. The vehicles will have a spacious cabin and well-fit cockpit & interiors.
Hyundai’s EV plan will invest about ₹4,000 crores in catering to the research & development and the necessary infrastructure & services. India is still not ready for purely electric vehicles.
The significant lack of charging stations needs to be collectively worked upon to make the nation EV ready. Studies reveal that EV sales will go up by 50% in the next seven years, with more than 70,000 fast chargers being set up by different companies.
The Electrification Race
The currently available SUV EVs in India are the MG ZS EV, Hyundai KONA & Tata Nexon EV., with the Nexon EV being the most affordable & most sold. All the carmakers are developing new & EV versions of already existing IC engine cars.
The Maruti WagonR EV had been spied testing, and Tata is working on an EV version of the Altroz with more range. Mahindra is also working on the KUV100 EV, spied testing. MG will also introduce an EV between ₹10-15 lakhs. In the next few years, we will have every contender in the market witnessing a battle between the BEVs.