Hyundai to launch Kona Electric in India in July

Hyundai to launch Kona Electric in India in July

Agency News

Guwahati, May 29: Hyundai will be launching Kona Electric as its first EV in India in July, while a full model change variant of its Grand i10 will follow soon after.“As we had declared earlier, Hyundai will be launching its first electric vehicle in India in July. We shall be launching Kona EV in the country,” Puneet Anand, CGM & Group Head (Marketing), Hyundai Motor India Ltd (HMIL), told UNI here last evening.

The Hyundai Kona, which was launched by the South Korean carmaker at the 2018 Geneva Motor Show, will be in the electric compact SUV segment and prices are expected to start at Rs 25 lakh, though the company is yet to confirm these details.
It is likely to be imported to the country as a Completely Knocked Down unit and assembled at the HIML’s manufacturing plant at Chennai.

Besides launching Kona Electric, Hyundai will also launch a full model change version of its Grand i10 within this year, Anand informed.Upbeat over the response for its new SUV Venue, launched on May 21, Anand said more than 20,000 bookings have been received in the first week itself and there was a waiting period of 3-4 months currently.
“At present, we are producing about 7,000 units of Venue per month. Depending on the demand, we can increase the production,” he said, adding that export of the SUV was not on the cards immediately.

“We first want to stabilize the demand in the domestic market. After that, we will explore the export options. Export of Venue is unlikely to start for the next 3-4 months,” he added.Commenting on the slump in the auto market, Anand said, “There has been a market fall down happening since the last Kerala floods. And the slump has been continuing.”“As responsible manufacturer, we hope our new products will put enthusiasm back in the market. A stable government is also coming up in the Centre and it will also be helpful,” he added.

“With the support from the India government through their ‘Make in India’ programme and also the type of infrastructure the government is trying to put in place over next 5 years now that we have a stable government, I feel very confident that we will have fast growth of the auto sector,” Anand said. (UNI)