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Hyundai engages 194 vendors to achieve major savings in EV localisation

HMIL has also established a dedicated EV charging infrastructure across its manufacturing facilities and service centres.

Electric Vehicle Localisation Efforts

A Key Component of the ‘Make-in-India’ Initiative

The ‘Make-in-India’ initiative, launched by the Indian government in 2014, aims to promote the domestic manufacturing of goods and services. Electric vehicles are a crucial component of this initiative, as they offer a cleaner and more sustainable alternative to traditional fossil-fuel-based vehicles. Hyundai Motor India Ltd (HMIL) has been actively involved in the ‘Make-in-India’ initiative, with a focus on electric vehicle localisation.

Collaborations with Vendors

HMIL has collaborated with over 194 vendors to optimise costs and support the ‘Make-in-India’ initiative. These collaborations have enabled the company to reduce its dependence on imported components and increase its local sourcing of parts. This, in turn, has helped HMIL to reduce its production costs and improve its competitiveness in the market. Key benefits of vendor collaborations: + Reduced dependence on imported components + Increased local sourcing of parts + Improved competitiveness in the market + Enhanced cost-effectiveness

Dedicated EV Charging Infrastructure

HMIL has established a dedicated EV charging infrastructure across its manufacturing facilities and service centres.

Hyundai CRETA Electric Pioneers Locally Assembled Battery Packs in Indian EV Manufacturing.

The Hyundai CRETA Electric: A Breakthrough in Indian Electric Vehicle Manufacturing

The Hyundai CRETA Electric is a significant milestone in the Indian electric vehicle (EV) market, marking the first time a locally assembled battery pack will be used in a mass-produced vehicle. This innovation is a testament to Hyundai’s commitment to supporting the country’s growing EV ecosystem.

Key Features of the Hyundai CRETA Electric

  • Locally Assembled Battery Packs: The CRETA Electric will be the first model to feature locally assembled battery packs, reducing dependence on imported components and lowering the overall cost of production. Improved Range and Performance: The locally assembled battery packs will enable the CRETA Electric to achieve a longer range and improved performance, making it an attractive option for Indian consumers. Enhanced Sustainability: By reducing the reliance on imported components, the CRETA Electric will contribute to a more sustainable and environmentally friendly manufacturing process. ### The Impact of Locally Assembled Battery Packs on the Indian EV Market**

    • The Impact of Locally Assembled Battery Packs on the Indian EV Market

    The introduction of locally assembled battery packs in the CRETA Electric has the potential to significantly impact the Indian EV market. Some of the key benefits include:

  • Reduced Costs: Locally assembled battery packs will reduce the cost of production, making electric vehicles more affordable for Indian consumers. Increased Competitiveness: The CRETA Electric’s locally assembled battery packs will enable Hyundai to compete more effectively with other manufacturers in the Indian market. Job Creation: The increased production of electric vehicles will create new job opportunities in the manufacturing sector.

    Hyundai CRETA Electric sets a new standard for Indian EV manufacturing with locally assembled battery packs.

    The Hyundai CRETA Electric: A Breakthrough in Indian EV Manufacturing

    The Hyundai CRETA Electric is set to revolutionize the Indian electric vehicle (EV) market with its unique feature of being the first Hyundai EV manufactured in India with locally assembled battery packs. This milestone marks a significant step forward for Hyundai Motor India Limited (HMIL), the Indian subsidiary of the South Korean automaker.

    Key Features and Benefits

  • Locally assembled battery packs: The Hyundai CRETA Electric will boast battery packs assembled in India, reducing reliance on imported components and minimizing the carbon footprint of the vehicle. Enhanced supplier network: HMIL’s efforts to deepen its supplier network will enable the company to source high-quality components from local suppliers, further reducing the vehicle’s environmental impact.

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