Overview
- Hyundai confirmed on Thursday that it will roll out two new models from its Chennai/Sriperumbudur facilities this year, including its first mass‑market dedicated electric vehicle for India.
- The company reiterated a Rs 26,000 crore commitment for Tamil Nadu through 2032 and set a target to raise localisation from about 82% to 90% over the next five to six years.
- Hyundai has already established Tamil Nadu’s first battery sub‑assembly plant and said the new compact electric SUV will be built in Sriperumbudur with India positioned as a production and export hub.
- The firm operates 39 DC fast‑charging stations (78 charging points) in the state and plans to expand that network across major cities and highways over the next two to three years.
- Hyundai and the Tamil Nadu government will start a joint skills programme in December 2027 to train technicians in EV, hydrogen, robotics and smart‑factory technologies, and industry reports — not yet confirmed by the company — identify a likely sub‑4m model codenamed HE1i and supplier links such as Exide.