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August 17, Friday 2018 5:23 PM       

       HEADLINES: Rescue operations intensified, more to be shifted to relief camps                                              Modi to visit state to take stock of flood situation                                              250 boats, 23 helicopters added for rescue operations; situation under control: CM                                              Stranded people will be rescued by today itself, 164 dead: CM                                              Rescue operation got delayed; CM chides Revenue chief secretary                                              SC directs reducing water level at Mullaperiyar dam by three feet                                              US newsrooms to Trump: We're not enemies of the people                                              Former India captain Ajit Wadekar no more                                              Kaumudi Facebook
       AUTOMOBILE Next Article: New Fiat Chrysler boss set to stay on course in post-Marchionne era  
       Hyundai to drive in an electric SUV in India next year
 
         Posted on :17:39:53 Jul 28, 2018
   
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       Last edited on:17:39:53 Jul 28, 2018
         Tags: HYUNDAI, SUV, INDIA
 

 

NEW DELHI: South Korean auto major Hyundai plans to launch an electric SUV in India next year as it prepares to test the country's EV market before going full throttle with local manufacturing for such vehicles, a top company executive said.

The company, which operates in India through a wholly-owned subsidiary, plans to bring the vehicle as a completely knocked down (CKD) unit.

"We will launch an electric SUV in the second half of 2019. We will import it as completely knocked down unit," Hyundai Motor India MD and CEO YK Koo said.

In the long term the company will produce EV models from its Chennai plant, he added.

Koo said the company's strategy for EVs is in line with the government's vision of making India an EV market by 2020.

However, he sought more liberal policies on taxation for the EV segment in the country.
 

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       AUTOMOBILE
Next Article: New Fiat Chrysler boss set to stay on course in post-Marchionne era
 
 
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Passenger vehicle sales rise 38% in June; car sales up 34%  
Hyundai crosses 8 mn cumulative production milestone in India  
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Toyota Yaris launched at a starting price of Rs. 8.75 lakhs  
Honda drives in new Amaze; to launch six new models in three years  
Tesla sets up Shanghai firm as it expands China presence  
Volkswagen to recall 410K cars over faulty seat belts  
Terra Motors raises 10 million dollar fund to expand in Asian market  
CarToq emerges as the largest, most-engaged automobile platform in India  
Favourable taxation structure pre-requisite to launch EVs in India: Mercedes  
Toyota to build test track for self-driving cars  
Skoda eyes up to 10% growth in 2018  
China considering cutting duty on imported cars by about half  
Triumph Motorcycles India eyes 10% growth  
Dream job: Harley-Davidson interns get a free motorcycle  
BMW expects 50% of sales in India to come from X series SUVs  
First years’ service for smallest Rolls-Royce  
Volvo Cars plans to assemble two more models in India this year  
Toyota plans to hike vehicle prices next month  
 
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