Hyundai motor group is looking at the possibility of partnering with LG for the batteries while also evaluating other international suppliers for the same.
India is gearing up well to facilitate electric cars as the future of mobility is imminently electric. India has expansion plans for fast chargers and other such infrastructure as would be required by electric vehicles under the FAME 2 scheme.
Though the scheme does not give any special consideration to electric vehicles, it has fortunately garnered a lot of positive attention from car makers to take the Indian market seriously as far as electric vehicles are concerned.
Brands like Maruti Suzuki and Mahindra are already prepping for the launch of the electric Wagon R and the eKUV100 respectively. Hyundai Motor Group (Hyundai-Kia) have also announced that they will start local assembly of electric vehicles in India.
Taking it to the next level
According to a report published by the Times of India, Hyundai-Kia Motors are finalizing their manufacturing plans of electric cars for the Indian market. The Hyundai motor group is looking at the possibility of partnering with LG for the batteries while also evaluating other international suppliers for the same.
Both the companies are now undertaking a feasibility study in India for the purpose of sourcing local components and batteries and also understanding the India specific conditions.
Talking about local manufacturing of batteries, Albert Biermann, president Of Hyundai Group’s R&D division said to TOI that, Hyundai can import the technology, but when the market gets too competitive, the auto major can also localize.
He further commented that Hyundai has a strong network of sister companies and Korean suppliers. The Korean battery technology is leading across the world and Hyundai has strong partnerships, like with LG which will help the auto major localize with those partners.
