Hyundai to Launch Creta EV in Bharat Mobility Expo, Company Planning Big Investment in EV Segment

South Korean automobile company Hyundai’s SUV Creta has been sold in large numbers. The company had recently said that Creta Electric will be launched at the Bharat Mobility Expo to be held early next year. Its manufacturing can be started by the end of December.

The Creta Electric could be launched on January 17, the first day of Bharat Mobility Expo opening to the general public. There is no possibility of any major change in its design. Being an EV, it can be given a closed grill at the front and 17-inch alloy wheels for better efficiency. In the last few months, some leaked information has been received about Creta Electric. Changes can be made in its rear bumper. LED headlamps can be provided in it. The steering of Creta Electric will be three-spoke. It may have a 10.25 inch dual-screen setup, which will have an infotainment system and digital instrument cluster.

Hyundai plans to make big investments to increase its share in the EV market in India. Recently the company was also listed on the stock market. Hyundai ranks second after Maruti Suzuki in the country’s automobile market. Tata Motors and Mahindra & Mahindra have made a lot of investment in the EV segment. Tata Motors has the highest share in this segment. Hyundai plans to invest approximately $2.4 billion to increase its share in this market. The company is also preparing to start its second plant next year. This will help Hyundai to meet the demand for EV and other vehicles. The company also plans to create a local supply chain for critical components of the EV.

Hyundai plans to launch four EVs in the country. Recently Creta sales had crossed 10 lakh units. This first SUV of the company was launched in the country about nine years ago. Despite many models being launched in this segment, Creta is getting good response. EV sales have increased rapidly in the last few years.