Hyundai to launch budget electric SUV in India next year

Hyundai Motor is gearing up for a significant expansion of its electric vehicle portfolio in India, with plans to launch a competitively priced electric SUV in the coming year. The company has been developing the model specifically for Indian consumers as part of its broader strategy to introduce multiple new vehicles to the domestic market.

The upcoming electric SUV will enter a competitive segment currently dominated by established players. Tata Motors' Nexon EV, Tata's Punch EV, and Kia's Syros EV have established strong market presence in the affordable electric SUV category, setting a benchmark for features, range, and pricing that new entrants must match.

The launch is expected to occur in early 2025, signaling Hyundai's commitment to capturing a share of India's growing electric vehicle market. The timing aligns with increasing consumer interest in affordable EV options and expanding charging infrastructure across the country.

Hyundai's expanded product lineup demonstrates the company's recognition of India's transition toward electrified mobility. With the new model, the automaker aims to make electric vehicles accessible to a broader segment of Indian buyers, leveraging its established dealer network and after-sales service capabilities.