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Hyundai to supply affordable electric vehicles to Ola by 2022

Hyundai will even look to invest in producing and procuring electric vehicle batteries from India in association with a local partner

September 09, 2019 / 04:12 PM IST

Hyundai Motor India will begin supplies of ‘affordable’ and ‘mass market’ range of electric vehicles to India’s ride-hailing giant Ola from 2022-23.

These vehicles, which are tailor-made for Indian buyers, will be based on a new vehicle platform that is aimed at keeping cost of manufacturing low and making them affordable.

The vehicle, which will be sold to commercial buyers (like Ola) and to personal buyers, could be priced below Rs 10 lakh.

Hyundai will even look to invest in producing and procuring electric vehicle batteries from India in association with a local partner.