Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group shifts strategy to look beyond electric vehicles and boost its presence in a key auto market.
In a statement, Hyundai Motor Group told Reuters it was “committed to a future of electrified mobility and will optimize product strategies for each market”.
The pivot to hybrids – which use a gasoline powertrain and electric motor – comes as Hyundai sees a surge in sales of the technology in India, prompting it to shift away from an initial strategy that focused only on battery electric vehicles.