Hyundai planning to set up 600 EV Fast Charging Stations in India, Company Will Launch Electric Version of Creta Next Year

Hyundai Motor, one of the large automobile companies, has announced to set up 600 fast charging stations for electric vehicles (EV) in India. These charging stations will be installed near the highways and in large cities. It is important to have strong charging infrastructure to increase the number of EVs rapidly.

Hyundai, who recently list the stock market in India, has tied up with the state government to set up about 100 EV charging stations in Tamil Nadu by 2027. Hyundai and its associate firm Kia have partnered with Exide Industries to increase the localization in their electric vehicles. Under this, the country’s batters will be used in the electric cars of Hyundai and KIA.

Hyundai ranks second after Maruti Suzuki in the country’s automobile market. Tata Motors and Mahindra & Mahindra have made a lot of investment in the EV segment. Hyandai has also planned to invest about $ 2.4 billion to increase its share in this fast growing market. The company is also preparing to start its second plant next year. This will help Hyandai to fulfill the demand for EV and other vehicles. Electric vehicles are also being promoted by the central government and state governments. For this, some measures have been taken including subsidy.

Preparations are being made to launch an electric version of a large number of company sold SUV Creta. Earlier, Hyundai had closed its first electric vehicle Kona in the country. The company has said that it will launch its new electric vehicle early next year. This will be an electric version of Creta. Hyandai plans to launch four EVs in the country. Recently, CRETA sales had crossed 1 million units. This first SUV of the company in the country was launched about nine years ago. Despite the launch of many models in this segment, Creta has received good response. Hyandai plans to create a local supply chain for important components of EV.