Image source: zigwheels
In India, Hyundai Motor India is increasing its electric vehicle (EV) strategy. By Q4 FY 2024–2025, the company—which now offers the Kona Electric and Ioniq 5 EVs—plans to introduce four models, one of which will be a mass-market choice similar to the Creta EV. This builds on their previous commitment to introduce five locally produced EVs by 2030.
This proposal came to light in Hyundai’s draft Red Herring Prospectus (DRHP), filed with SEBI. The document highlights their commitment to applying their EV strategy to changing market demands by offering vehicles in a variety of pricing ranges to reach a larger audience.
The Creta EV appears to be an excellent starting point for Hyundai’s EV lineup. The automobile has a modified front end that separates it from its internal combustion engine (ICE) counterparts and it is likely to inherit most of the ICE variants’ features, with some EV-specific modifications. While official specifications are yet to be disclosed, rumours indicate a driving range of about 400-500 kilometres.
Expected features of the Creta EV include a 360-degree surround view camera, a panoramic sunroof and Level 2 ADAS technology.
The Creta EV, costing between ₹20-30 lakh, will compete with the rising electric SUV sector, including the Mahindra XUV400, MG ZS EV, Tata Curvv, Maruti Suzuki eVX and BYD Atto 3.
