Verified: Hyundai is preparing a cheap electric car for India, the price is just that

Demand for electric vehicles is rising rapidly in the Indian market. The government is very active in this direction, which can promote the use of electric vehicles. Over the past few years, many companies have introduced electric vehicles in the country. Now South Korea’s leading automaker has confirmed that Hyundai is working on an affordable electric car for the Indian market.

According to PTI’s latest news report, Hyundai Motor Company has once again confirmed that it is developing a low-cost electric vehicle in the Indian market. If everything goes well, this car will be on sale in the market by the next 2024. Part of Hyundai’s statement on the high tariffs imposed by the Government of India on imported cars is a confirmation. The company said it would help increase the sales of electric vehicles due to price reductions.

SS Kim, Managing Director of Hyundai Motor India, said, “We are developing an Made in India affordable electric car, but at the same time the government will cut tariffs on imported vehicles, which will help through the entire built-in (CBU) route. Be able to do.

This electric car looks like:

However, the company has not shared any information about Hyundai’s upcoming electric car. But media reports speculate that it may be Hyundai’s electric version of the upcoming Micro SUV Casper, known by the AX1 codename in the global market. The company is set to launch the Micro SUV in September, first to be introduced in the South Korean market and then to be launched in the Indian market.

Kim has previously said that demand for electric cars will increase in the future. As far as our next electric vehicle is concerned, it could be a small SUV and a crossover. This is because the segment’s popularity is increasing rapidly globally. However, other details about the company’s upcoming electric car have not yet been revealed.

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