Hyundai Motor contemplates hybrid vehicle launch in Indian market

Hyundai’s hybrid in India: Hyundai Motor Group is reportedly charting a new course in its strategy for Indian auto market. According to media reports, sources familiar with matter reveal that South Korean auto giant intends to introduce its inaugural line of hybrid vehicles in India by as early as 2026. 

move signals a departure from its exclusive focus on electric vehicles, as company aims to expand its footprint in a pivotal automotive arena.

Sources privy to company's plans disclose that Hyundai Motor Group is contemplating launch of a hybrid sport-utility vehicle, mirroring dimensions of its highly popular mid-sized Creta SUV in India. 

In a statement, Hyundai Motor Group told Reuters it was "committed to a future of electrified mobility and will optimize product strategies for each market". 

Ramping up annual production 

Recently, Hyundai has also announced that automaker will ramp up its annual production capacity for Hyundai and Kia brands in India to 1.5 million units as part of its mid-to-long-term strategy. 

Euisun Chung, Executive Chair of Hyundai Motor Group, announced strategy during a visit to India on April 23, highlighting group's commitment to improve its position as a leing mobility provider.

With increasing focus on Indian market, Hyundai is actively choosing to diversify its product portfolio and cater to evolving preferences of Indian consumers while also expanding its production capabilities in country. 

(With Reuters inputs)