Hyundai Motor Co has unveiled plans to launch its first locally designed electric vehicle (EV) for the Indian market and to expand capacity at its Pune plant by 250,000 units by 2030. These are key components of the company’s “Vision 2030” roadmap, which includes a global investment of KRW 77.3 trillion (approximately USD 56 billion).
The India-made EV will be Hyundai’s first model fully tailored for Indian consumers, using a localised supply chain. As part of its broader product strategy, Hyundai has committed to introducing six EVs in India by 2030. Some media reports suggest one of them is codenamed “HE1i”, possibly a sub-compact SUV.
Hyundai’s Pune multi-model export hub will serve both domestic demand and export needs. The plant’s capacity will be increased by 250,000 units by 2030 to support both EV and internal combustion engine (ICE) / hybrid vehicles.
Globally, under Vision 2030 Hyundai targets total vehicle sales of 5.55 million units annually by 2030, with approximately 60 percent (approximately 3.3 million vehicles) being electrified (EVs and hybrids).
Hyundai is also accelerating investment in its supply chain, including localisation of battery packs and battery-related components. While several media sources mention potential partnerships with battery firms like Exide Industries and Amara Raja for battery pack localisation, other specific collaborations (for example with multiple IITs or Hyderabad engineering centers) remain unconfirmed.
Other elements of Hyundai’s roadmap include expanding its hybrid model offering (18+ models globally by 2030), introducing extended-range EVs (from 2027, some with very large driving ranges globally), adopting software-defined vehicle platforms, digital simulation in manufacturing, predictive maintenance, and so on.