New Delhi, July 28, 2018: Hyundai is preparing to launch an electric SUV in India in the second half of 2019. It will be brought here as a CKD unit and assembled locally to achieve competitive pricing. This SUV is likely the much awaited Hyundai Kona Electric. The South Korean automakers wants to play a key role in the Indian EV market in coming days and its Chennai plant will produce EVs in the long term, as the brand has announced.
According to reports published in autoportal.com by Mainak Hyundai Motor India Ltd (HMIL), country second largest automaker is celebrating its 20 years in business here. On this occasion the brand has announced that its Sriperumbudur manufacturing plant is future ready to meet the upcoming safety and emission norms that will kick in 2019. As the company claims, it is ready to meet the norms well ahead of the mandatory industry implementation and this comes as part of the brand’s ‘Technologies for Tomorrow’ plan for the next 20 years.
The Sriperambudur facility has helped the brand in becoming the fastest Indian automaker to roll out 8 million cars in a span of 19 years and 9 months. Presently, the production capacity of this plant is 7.13 lakh units per annum and that will be enhanced to 7.50 lakh units by 2019 through smart value engineering. The plant is currently running at almost 100% capacity utilization.
As Hyundai says, it wants to take a leading position in the Indian EV market and this plant will play a key role in that drive. Also, the plant has been upgraded to meet the new safety norms that mandate all the cars to come with airbags and ABS as standard along with pedestrian safety and of course the BS-VI emission norms.