In Short : Hyundai Motor India has achieved 92% localization, producing over 1,200 components and assembling EV battery packs locally at its Chennai facility. With an annual capacity of 75,000 battery packs, the initiative powers models like the Creta Electric, saves $672 million in foreign exchange, and creates 1,400+ jobs, boosting India’s EV manufacturing ecosystem. […]
Hyundai inks pact with Fourth Partner Energy to set up renewable energy projects in Tamil Nadu – EQ
In Short : Hyundai Motor India has partnered with Fourth Partner Energy to develop two renewable energy plants in Tamil Nadu, including a 75 MW solar and 43 MW wind power facility. This Rs. 38 crore investment supports Hyundai’s goal of 100% renewable electricity by 2025 under the RE100 initiative. The project aims to generate […]
Hyundai Motor India targets 100% use of renewable energy, RE100, by 2025 – EQ
Hyundai Motor India targets 100% use of renewable energy, RE100, by 2025 In Short – Hyundai Motor India sets an ambitious goal of achieving 100% utilization of renewable energy (RE100) by the year 2025. The company is committed to a sustainable future through increased reliance on clean and environmentally friendly energy sources. In Detail – […]
Hyundai targets 100 percent renewable energy use at its Chennai facility by 2025 – EQ
In Short : Hyundai aims for complete reliance on renewable energy at its Chennai facility by 2025. This commitment underscores the company’s dedication to sustainability, aligning with global efforts to transition to cleaner and more environmentally friendly manufacturing processes. In Detail : The company is currently satisfying about 62–64 percent of its energy requirements from […]
Hyundai Motor and University College London sign MoU on carbon neutrality research – EQMagpro
Hyundai Motor and University College London sign MoU on carbon neutrality research Hyundai Motor signed a memorandum of understanding (MOU) on ‘Cooperation in areas of Research and Development for Hydrogen Production, Hydrogen Fuel Cells and Electrification Technology’ with UCL at Mansion House in London on November 22. The MOU signing ceremony took place prior to […]
Hyundai ties up with Shell to install fast chargers at 36 dealerships – EQ Mag
Under this latest association, Shell will be installing fast chargers across the carmaker’s EV dealerships Hyundai and Shell signed Memorandum of Association (MoA) for installation of fast chargers. Shell will install 60kW DC fast chargers at 36 Hyundai EV dealerships. If feasible, Shell will even be installing 120kW DC fast chargers. Hyundai currently has 72 […]
Hyundai to invest Rs. 20,000 crore on electric vehicles in Tamil Nadu – EQ Mag
To install 100 EV charging stations Plans to expand total production volume to up to 8,50,000 units Hyundai Motor India Limited (HMIL) announced an investment of Rs. 20,000 crore over the next 10 years in Tamil Nadu for its electric vehicles program and modernisation of its vehicle platform. In alignment with this objective, the brand […]
South Korea’s Hyundai to invest $2.45 billion in India – EQ Mag
CHENNAI : South Korea’s Hyundai Motor Co said on Thursday it will invest 200 billion rupees ($2.45 billion) in the Indian state of Tamil Nadu over the next 10 years to beef up electric vehicle production in the world’s most populous country. Tamil Nadu’s Chennai, dubbed the Detroit of Asia, is a hub for automobile […]
Hyundai begins delivery of Ioniq 5 EV in India – EQ Mag
Hyundai India has started delivering the Ioniq 5 EV to its customers in India. The electric SUV was launched at Auto Expo 2023 in January this year. Coming with a starting price of ₹44.95 lakh (ex-showroom), the eSUV was up for pre-orders since January. Buyers had to pay a booking amount of ₹1 lakh. The […]
Hyundai To Install 10 Ultra Fast EV Charging Stations On Key Highways – EQ Mag
The ultra-high speed EV charging stations will be open to all passenger EV owners and the first 2 ultra-fast public EV charging stations are open from February 1 i.e today. Hyundai Motor India, announced the installation of its ultra-high speed public EV charging network across key highways and cities in India. The ultra-high speed EV […]
