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Hyundai Motor India to Invest Rs 4,000 Crore in EV R&D

Hyundai Motor India Ltd., a wholly owned subsidiary of the Hyundai Motor Company, headquartered in South Korea has planned to invest about ₹ 4,000 crore for research and development over the next seven years.

Hyundai plans to roll out six new electric vehicles in India by 2028. The first vehicle may be introduced as early as 2022.

The research and development shall focus on expansion of battery electric vehicle line-up to six vehicles for the Indian Market.