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Hyundai India bets big on premium cars and EVs on course to world’s largest IPO

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Hyundai India bets big on premium cars and EVs on course to world’s largest IPO

- Hyundai Motor India will focus on premium vehicles across traditional, electric, and hybrid models. - The company's average selling price has increased due to premiumization and an increase in car prices. - Hyundai is positioning itself to meet the evolving preferences of Indian car buyers who prioritize advanced features, technology, styling, and larger space over regular hatchbacks. - The company plans to launch an electric variant of its popular model, Creta, later this fiscal year. - Hyundai is actively lobbying the Indian government to provide incentives only for electric vehicles and not extend them to hybrids. - Hyundai remains attentive to shifting market trends and is prepared to adapt its strategies accordingly.

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