hyundai

Hyundai Partners with Exide for Local Production of EV Battery Cells

Hyundai Motor India Ltd. has signed an agreement with Exide Energy Solutions Ltd., a subsidiary of Exide Industries, to procure domestically manufactured lithium-iron-phosphate (LFP) battery cells for its electric vehicles (EVs). The move supports local sourcing of critical EV components and reduces dependency on imports, according to a press release issued by the company. Under […]

Hyundai Motor India to Invest Rs 32,000 Crore in Expansion, Plans IPO for October 22

Hyundai Motor India Ltd (HMIL) has announced plans to invest Rs 32,000 crore in expanding its presence in India between 2023 and 2032, with a significant focus on increasing production capacity and developing new models, particularly in the Battery Electric Vehicle (BEV) segment. This expansion includes investments in its manufacturing facilities in Tamil Nadu and […]