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Hyundai's Positive Outlook for India's Electric Vehicle Market Amidst Sales Declines

2024 • 2min • News • Business

Informative

Published on: October 14, 2024 - Hyundai Motor India's Managing Director, Unsoo Kim, remains optimistic about the future of the Indian electric vehicle (EV) market, despite a recent 8% sales drop in September. He believes that strong government support and growing manufacturer interest will drive growth toward 2030. The upcoming launch of the Creta EV is anticipated to be a game changer, enhancing consumer confidence in electric mobility. Additionally, Hyundai's announcement of a ₹27,780 crore IPO reflects its financial strength and commitment to the evolving EV landscape, with a focus on long-term growth in a market that is still in its early stages of electrification.