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Hyundai Plans To Use Its Factory In India To Develop A 100% Electric Version Of The Creta, Expecting That The Model Will Start To Be Built In Series In 2024
A fully electric version of the Hyundai Creta is expected to be available in the coming years. The Indian news site Autocar discovered the information. According to the magazine, the manufacturer has already begun the development process for the 100% electric Creta, expecting that the model will start to be built in series in 2024, entering the market in early 2025.
Initially, the new Electric Creta is expected to be available only in India, with a total production volume of approximately 20,000 to 25,000 units.
There is a good chance that the model will also be marketed as a low-cost alternative to the electric SUV to the Ioniq 5 and Kona, both launched for the first time as electric vehicles on the market.
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Hyundai aims to use its factory in India to develop an electric version of the Hyundai Creta. As India is one of the most polluted nations globally, the local government offers financial incentives to automakers to build zero-emission models.
According to the information, there will not be a platform specifically adapted for electric vehicles. The company will start with a chassis initially designed for combustion engine cars and then modify it as needed. This reduces costs but also has the potential to produce a vehicle that is less electrically efficient due to the restrictions imposed by the older platform.
Currently, there is a lack of information in the specifications of the 100% electric Hyundai Creta, which includes information about battery capacity and range. According to reports, however, the price of the car may vary between Rs 15 lakh and Rs 30 lakh, which, when directly converted, amounts to about R$ 96,000 and R$ 192,000, respectively.
Hyundai Has Committed An Investment Of US$ 500 Million To Adapt The Factory For The Assembly Of The Creta As A 100% Electric Motor
The electric version of the Hyundai Creta will be manufactured at Hyundai’s facilities in Chennai. Other electric cars, based on the ICE platform, will also be built on-site, in addition to the model currently being developed.
The Indian market is seen as strategically important for Hyundai, as the national government has implemented a series of incentives that have encouraged the production of electric vehicles (EVs). For this reason, the company reported that it plans to invest around US$ 500 million to adapt the local factory for the production of the 100% electric Creta.
As a result, it is expected to play a key role in Hyundai’s transition to electric motor vehicles. In addition to the Hyundai Creta, the company plans to have four other fully electric vehicles available for purchase in India by 2028.
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