electric cars

South Korea\’s Hyundai Motor Group plans to launch its first Indian-made electric car in 2025, hoping to expand its influence in the emerging market dominated by Tata Motors. Hyundai will start producing electric vehicles in India by the end of 2024 and launch them in 2025 alongside Kia\’s electric vehicles produced in India, the group said in a statement on Thursday, adding that five models will be launched by 2030. models. Both brands said earlier this month that they would use batteries produced by Exide Energy Solutions to power their electric vehicles. Hyundai Motor also reiterated its goal of achieving annual production of 1 million vehicles by 2025 and said it would expand Kia\’s production capacity from the current approximately 300,000 vehicles to 432,000 vehicles. The combined production capacity will increase to 1.5 million vehicles.

Tesla may be scouting for a local partner to set up its operations in India. Highly placed sources say the US electric vehicles major is in talks with Reliance Industries for a possible joint venture to build the manufacturing facility in the country.