Hyundai’s ‘Vision 2030’ includes a significant push into the electric vehicle market, particularly in India. The company plans to introduce a small, locally designed EV to compete with existing models. Hyundai will also increase production capacity at its Pune plant by 250,000 units by 2030. Globally, Hyundai plans to introduce various new models, including the Ioniq 3 for Europe, Elexio for China, and an extended-range EV capable of over 966 km by 2027.
