The company plans to introduce 11 more electric cars to the European market by 2030.
The Hyundai Ioniq 5 electric crossover will be assembled here via a CKD kit.
Hyundai aims to expand its Electric Vehicle (EV) portfolio to 23 models by 2025.
New Delhi. Hyundai Motor aims to expand its Electric Vehicle (EV) portfolio to 23 models by 2025. The company’s upcoming electric vehicles will be based on its new E-GMP (Electric-Global Modular Platform) architecture and will debut in India with the Ioniq 5 electric crossover. For the European market, the company is developing an entry-level electric hatchback that will cost around EUR 20,000, or Rs 16.29 lakh. It can be offered as a replacement for the Hyundai i10.
Hyundai to expand portfolio
The South Korean automaker plans to introduce 11 more electric cars to the European market by 2030. The company recently took the wraps off the Hyundai Ioniq 5, whose production will start in the third quarter of this year and its market launch will be by the end of 2022. Based on the e-GMP architecture, this model comes with a 77.4kWh battery and single-motor rear wheel and dual-motor all-wheel drive options. The AWD version gets 320kW of power and 605Nm of torque. This car is capable of catching a speed of 0 to 100 kmph in 5.1 seconds. Hyundai claims that the Ioniq 5 can achieve a range of 610km on a single charge.
Will be assembled in India
As of now, no official information has been revealed on the India launch of the new Hyundai electric hatchback. However, the company has confirmed that it will introduce its first EV in India in 2023. The Hyundai Ioniq 5 electric crossover will be assembled here via a CKD (completely knocked down) kit. It will directly compete with the recently launched Kia EV6.
In the global market, the Ioniq 5 is offered with a 58kWh battery and 169bhp motor and 72.6kWh battery with two motors (217bhp / 306bhp). Hyundai has also planned a Made-in-India EV which is expected to hit the roads sometime in 2024.
FIRST PUBLISHED : July 29, 2022, 18:58 IST