Hyundai’s upcoming compact electric SUV is slated to hit Indian roads in August 2026, a move that signals the brand’s intent to carve a niche in the growing EV market.
The company has already locked in 83% of its Tier‑1 components locally, a figure that it plans to push to 92% by 2032—signaling a clear focus on self‑reliance.
Battery cells will first come from China’s Svolt, but Hyundai has lined up Exide Industries to supply domestic packs once the latter’s production ramps up—an effort to curb supply chain risk.
It will be pitted against Tata’s compact EVs and Mahindra’s offerings, as September 2026 sales data show EVs now account for 8.45% of passenger vehicle retail, a jump from 5.74% a year earlier.
Despite confidence in the supply chain, the CEO warned that escalating raw material costs and shifting government incentives could squeeze margins, a reality that could press on vehicle pricing for buyers.
Hyundai expects to roll out the SUV in key metros—Delhi, Mumbai, Bengaluru—next year, with a price point aimed to match the industry average, making it an attractive option for cost‑conscious buyers.