Hyundai to focus on electrification, autonomous, connected technologies to fuel growth in India

Bullish on the long-term growth prospects of the Indian auto industry, South Korean auto major Hyundai aims to focus on various aspects like electrification, connected features and autonomous technology as part of its future product strategy in the country, as per a top company official. The automaker, which has completed 25 years in the Indian market with over USD 4 billion investment so far, also plans to enhance digitisation across its all business verticals and focus on mobility services like subscription, hailing and sharing verticals to fuel future growth in the country going ahead. “As an OEM , we are preparing various steps for the market depending upon the market dynamics. We will continue to bring in advanced technologies and models in this market,” Hyundai Motor India Ltd (HMIL) MD and CEO SS Kim told reporters in an interaction. He noted that customer convenience remained at the centre of its business plans. “Mobility services, electrification, connected features and autonomous technology will define our future direction in the country,” Kim said. Elaborating on the company’s plans regarding the electric vehicle segment, he said it remained the automaker’s “number one priority”. “As we are aware that electrification is one of the top… Read full this story

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