HYUNDAI, the second largest car manufacturer company, is expected to launch its first electric car a year before Maruti Suzuki which announced to launch its first electric car in 2020. But the segment in which the car would be launched is not yet decided. It might be launched as the sports utility vehicle(SUV) or a sedan version. Most likely the car will be sold as a compact SUV of Kona, which is sold in Korea and some markets globally in petrol version. If Hyundai launches its electric car in 2019, it will be the first foreign car-maker to launch its electric car in India.

Since the success of electric vehicles(EV) is not much assured, the electric cars will be brought in a complete knocked-down(CKD) version. India is the fourth largest car-market of Hyundai in the world after the US, China, and South Korea.

Image result for Hyundai may launch its electric car before Maruti SuzukiBut according to the managing director insists that they are just finalizing the clear road-map and waiting for the government to work on some infrastructure, charging points etc. The setting up of the charging stations will be very expensive, since Hyundai, unlike Maruti is thinking to establish its own charging stations. The government had to bring the technology and price it aggressively but still, the roadmap had to be built by the government.

The company has requested the government to reduce the GST prices on electric and hybrid vehicles and to give some subsidy on lithium-ion batteries.

Apart from the EV’s Hyundai is also looking forward to launching nine new models in the next three years which also include a replacement of Santro. It was the entry-level car from the stable of HMIL before it launched the Eon in India. The company will also launch ‘Carlino’, the compact SUV in April next year.

Hyundai will be the first foreign company to launch an electric vehicle in India which will leverage its first-mover advantage and it will also boost their credentials in front of the policymakers. But the government is still in the policy-making phase and nothing is concrete yet.

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