Both Hyundai and Kia are planning to launch hybrid SUV s in India in 2026 or 2027. The car giant is also working to develop locally-built EVs for the world's third-largest car market. Hyundai wants a slice of the hybrid market that is currently dominated by Toyota. While many car manufacturers and governments around the world are going all-in on battery-electric vehicles, Hyundai is planning more moderate steps into electrification in India with the launch of its first local hybrid vehicles.
It considers its hybrids as an interim strategy and according to a source who spoke with Reuters, “wants to get dibs on India’s hybrid market.” “It has now begun work on tailoring this technology for cars in India to make it mainstream,” the source added. Toyota has a 78% share of the hybrid market in India, followed by Maruti Suzuki with 20% and Honda Motor with a 2% share.
Hyundai India Kia Reports SUV
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