Hyundai Motor India is setting its sights on a significant leap in electric vehicle adoption, with Managing Director and CEO Tarun Garg expressing confidence that EVs will account for more than 7 per cent of the company’s domestic sales within the next year. This ambitious projection is anchored by the upcoming launch of Hyundai’s first electric vehicle designed and developed specifically for the Indian market, which will join the existing Creta Electric and Ioniq 5 in the lineup.
Speaking about the company’s strategy, Garg highlighted the potential of the new model. “With the new EV, the Creta EV and the Ioniq put together, next year we could be very close to the industry penetration,” he said. He emphasised the significance of the forthcoming vehicle, stating, “This is the first EV developed and designed for India.” The model is expected to arrive around March 2027 and may make its formal appearance at the Bharat Mobility event, positioning it as a key product tailored to local preferences, road conditions and customer expectations.
The new electric SUV will occupy the popular sub-four-metre compact segment, a space that continues to drive strong demand in the Indian market. It is being engineered with a high degree of localisation in mind and is set to be Production Linked Incentive compliant from day one. Battery cells for the initial production will be supplied by Svolt, though further details on the exact chemistry have not been confirmed. The vehicle is also expected to feature a localised infotainment system, with Hyundai’s advanced Pleos platform widely anticipated to make its debut in the model, delivering a more intuitive and India-specific connected experience for owners.
Hyundai’s broader EV push comes at a time when overall industry penetration of electric passenger vehicles has been rising steadily. The combination of the Creta Electric, which has already established a consistent sales run rate, the premium Ioniq 5, and the more accessible new India-focused EV is expected to accelerate Hyundai’s share of the growing electric market. The company views the new model as a critical step in making electric mobility more attainable for a larger section of Indian buyers while strengthening its position in one of the fastest-growing vehicle segments.
By aligning product development closely with Indian needs and pairing it with a multi-model EV portfolio, Hyundai Motor India is preparing for a meaningful expansion of its electric presence. The projected rise above 7 per cent of domestic sales underscores the automaker’s belief that the combination of the forthcoming made-for-India EV and its existing electric offerings will place it firmly in step with broader industry trends in the year ahead.