Mass Market Hyundai EV For India Expected To Launch By 2024

It is expected to offer well over 300km of range and will likely be a sub-4m offering

• Hyundai is working on its own affordable EV to rival the Tata Nexon EV.

• It is expected to be an EV version of a model that will be offered with combustion engines as well.

• The mass-market EV offering is likely to offer well over 300km of range with fast charging capabilities.

• Hyundai’s mass market EV will likely be well-equipped and priced between Rs 10 lakh and Rs 17 lakh.

• It will have to rival the Mahindra XUV300 Electric and Tata Altroz EV which are due to launch before it.

The mass-market EV space in India is ready to expand and Hyundai is working on a model too. While the carmaker has not shared any specific details of what this EV will offer, it is scheduled to arrive in the next three years, i.e., by 2024.

Hyundai’s mass market EV is unlikely to be something from their premium Ioniq range built on the new E-GMP platform which means it could be based on an existing combustion-engine model. We expect it to be a sub-4m offering, possibly with a SUV body, with well over 300km of range. This electric offering should feature DC fast charging as well. It will likely be equipped with features such as digital displays, connected car tech and plenty of safety features, as standard.

An affordable Hyundai EV with over 300km of range will likely be priced between Rs 10 lakh and Rs 17 lakh, and be positioned under the Kona Electric which is a premium offering. While it will compete with the Tata Nexon EV, other mass market EVs are also due to launch ahead of Hyundai’s competitor. That includes the Mahindra XUV300 Electric and the Tata Altroz EV in 2022. However, Hyundai’s EV will still arrive before Maruti’s which is due in 2025.

Related: Upcoming Electric Cars in India

The Hyundai Kona Electric is only offered with its smaller 39.2kWh battery pack in India which has an ARAI-certified claimed range of 452km. Its prices start from Rs 23.77 lakh. In comparison, the Tata Nexon EV claims a range of 312km from a 30kWh battery pack while prices start from Rs 13.99 lakh (all priced, ex-showroom Delhi). An affordable Hyundai EV would likely feature a smaller battery pack than that of the Kona with increased energy efficiency for more range thanks to constantly evolving EV technologies.

Also read: Top 5 Electric Cars We Want In India