Hyundai to Offer Six EVs by 2028 to Boost Share in India
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Hyundai Motor Co. will expand its lineup to six battery-electric vehicles in India by 2028, as the South Korean carmaker tries to seize first-mover advantage in the growing market.
The vehicles will comprise different styles, including SUV, and will cater to segments including the mass market and mass premium, the company said in a statement Wednesday. Hyundai, which currently only offers one battery EV in India, also plans collaborations for charging stations and will spend around $530 million on R&D for the new lineup.