Monday, July 22, 2024

Hyundai to Launch Mass-Market Creta EV in India’s Growing Electric Vehicle Segment

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Hyundai is set to introduce the Creta EV, a new mass-market electric vehicle, in India, targeting the country’s rapidly expanding electric vehicle market. Expected to be unveiled by the end of the next year, the Creta EV aims to compete in the mainstream EV segment, distinguishing itself from Hyundai’s existing premium offerings like the IONIQ 5 and Kona EV.

The Creta EV is anticipated to feature a 45 kWh battery pack sourced from LG Chem, providing it with a competitive edge in the market. Riding on a modified platform shared with the gas-powered model, the EV is positioned to take on rivals such as MG’s ZS EV and the upcoming Maruti eVX. Despite a slightly smaller battery capacity compared to some competitors, the Creta EV aims to offer a compelling option in the mass-market segment.

Reports suggest that the Creta EV might share a platform with the new Kona Electric, a move that aligns with Hyundai’s strategy to diversify its electric vehicle offerings in India. As the government of India aims to position the country as a global leader in electric vehicles by 2030, Hyundai’s entry into the mass-market segment reflects the growing importance of electric mobility in the region.

Further details about the Hyundai Creta EV, including specifications and pricing, are expected to be disclosed by the end of the next year, with a global debut and pricing announcements anticipated in early 2025. The move underscores Hyundai’s commitment to expanding its electric vehicle portfolio and catering to the evolving preferences of Indian consumers in the electric mobility space.

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