Hyundai to launch more EVs in India

BENGALURU, Aug 8 (Reuters): South Korea's Hyundai Motor Group said on Tuesday it plans to launch more electric vehicles (EVs) under the Hyundai and Kia brands in India, in a sign that it is betting big on the world's third-largest auto market.
Hyundai, already India's second-biggest carmaker by sales, will introduce five EV models by 2032 to add to the two it already sells-the Kona and Ioniq 5 sport utility vehicles (SUVs). It will also grow its charging stations to 439 by 2027.
Kia will start producing small EVs from 2025 and develop EV charging infrastructure, aiming to boost its domestic market share to 10 per cent eventually, from 6.7 per cent currently, Hyundai Motor Group said in a statement.