As the global automobile industry grows rapidly, all the leading companies are intensifying their efforts to produce electric vehicles.
In India, the engine is powered by a convertible fuel, running on hydrogen gas
Multinational automobile companies continue to travel in the same direction, despite coming up with an important project such as the Hydrogen Cell Car.
All the automobile companies that sell more cars worldwide are increasingly interested in making electric cars. In this case, Hyundai has made a very important decision.
Hyundai India
South Korean company Hyundai has set a target of launching more than six electric cars in India by 2028 with an investment of around Rs 4,000 crore. It is noteworthy that this Rs 4000 crore investment project is planned for the Indian market.
4000 crore investment
Hyundai plans to launch large and premium segment cars within the next year as the first phase of this Rs 4000 crore investment plan.
With this, Hyundai has decided to gradually reduce the production of petrol and diesel cars in India and increase the number of electric cars in the near future.
SS Kim
SS Kim, Managing Director, Hyundai Motor India, said, “The growing dominance of electric vehicles in the automobile industry has forced trade and production to change.
India soon
Electric cars account for one-fifth of total car sales in many countries. A similar situation may come soon in India,
SS Kim also said that the EV business will soon win the IC engine business as our 6 battery car model has the potential to make many cars faster.
Maruti Suzuki, Tata Motors
Maruti Suzuki has recently announced the production of electric vehicles.
With Tata Motors already launching a number of electric vehicles, Hyundai has decided to invest Rs 4,000 crore, realizing that even a little cape vita could snatch away the business of other companies.
Hyundai has about 16-17 per cent market share in the Indian car market.
Hyundai has announced an investment of Rs 4,000 crore not to give place to Maruti Suzuki and Tata in the electric vehicle segment as all the recently launched cars have recorded excellent growth.
Royal Enfield 3rd in a row ..!
As the 2nd wave of Corona in Tamil Nadu has caused major damage, the factories are operating with greater security so as not to affect the trade and economy of the country.
Employees of many leading firms within the automobile sector, the foremost necessary business in Tamil Nadu, jumped into the fray because of scant measures to manage the corona infection.
As a result, automobile factories in and around Chennai are being closed.
Employee request
They also regret that the company does not adhere to personal breaks among closed factory employees and that the corona protection provided while working does not provide adequate medical assistance for the corona infection provided by the employees.
