Hyundai Electric SUV (Creta EV?) Production Starts End 2024 – Group Plant Capacity To Increase To 15 Lakh

Ahead of its 30th anniversary in 2026, Hyundai Motor India is already coining its 2030 strategy. The slogan for 2030 strategy is ‘Innovator in Mobility and Beyond’. Hyundai’s subsidiary, Kia India, has also overhauled its operations to promote quantitative and qualitative growth through company’s ‘Kia 2.0’ strategy.

In that regard, Hyundai Motor Group Executive Chair Euisun Chung visited India to review the company’s mid-to-long-term mobility strategies for the future. This is the first time the Executive Chair has held an overseas town hall meeting outside of South Korea. Also present in the meeting were key executives from Hyundai Motor including Jaehoon Chang, President and CEO of Hyundai Motor Company, and Unsoo Kim, Managing Director and CEO of Hyundai Motor India.

The meeting concluded a manufacturing advance in the rapidly growing Indian automotive market. The aim is to establish an annual production capacity of around 1.5 million vehicles combining both Hyundai and Kia brands in India. A key facilitator of this plan will be expansion of EV lineup and create an EV ecosystem to accelerate customer uptake.

The commencement of production at Hyundai’s recently acquired Pune plant (from GM) last year will play a major role in achieving their goals. Company is currently making improvements towards Pune plant and establishing a production hub capable of 2 lakh units annually. Production is estimated to start in second half of 2025.

Combining Pune plant’s 2 lakh capacity with Chennai plant’s current production capacity of 8.24 lakh units, Hyundai Motor is looking at an annual production capacity of over 10 lakh (1 million) units. Kia India’s annual production capacity is set to be expanded to 4.31 lakh units by the first half of 2024. Combining Kia’s numbers, Hyundai Motor Group is looking at an annual production capacity of 15 lakh per annum (1.5 million).

Electric vehicles will play a crucial role in the company’s growth ambitions. Hyundai aims to launch its first locally produced EV in Indian market in 2025. This is likely to be Creta EV which is already spotted testing on multiple occasions. Mass production of its first local electric SUV (Creta EV) will commence