Photo Courtesy: IANS News

New Delhi, December 11 (IANS): Slow easing of constraints on the supply side of semiconductors along with stabilizing commodity prices have inflated Hyundai Motor India’s outlook for 2022.

In addition, the automotive major expects demand to hold up during the initial phase of next year.

In a conversation with IANS, Tarun Garg, Hyundai Motor India Sales and Marketing Manager, said it was difficult to give a timeline for normal semiconductor supply, however, shortages have eased. .

“The semiconductor and input cost issues are global in nature, but things are improving. However, it is very difficult to give an exact timeline as to when we will overcome these problems. “

“Under the leadership of our parent company HMC, we are working at all levels with our suppliers, resellers and across corporate divisions to get out of this situation as quickly as possible.”

On the demand side, Garg said the company expects healthy demand conditions to remain during the initial phase of next year.

“Demand has been very good even after Covid 2 (second wave) due to the shift towards personal mobility.”

“We expect demand to remain healthy even over the next year. On our side, we will continue to work our way out of shortages on the supply side. As the supply situation grows, will normalize, we will respond to that request. “

However, while the sales outlook looks bright, Garg warned of an element of uncertainty surrounding the progression of the pandemic.

In addition, he spoke about Hyundai Motor India’s electric mobility plans for the market by 2028.

According to Garg, the company will field six battery-electric vehicles during the period.

“We will expand our ‘battery electric vehicles’ by introducing six models by 2028. These will include different body types such as SUVs.”

“In total, we plan to invest around Rs 4,000 crore in R&D for the expansion of six electric vehicles through 2028.”

In particular, the range will include models from the “Mass” and “Mass Premium” segments which will be affordable.

“We are looking for strategic partnerships to improve the charging infrastructure.”

“Even today, we offer a home charger with our Kona EV. We are also working on improving the range of these EVs. Today, in 15 cities and 108 dealers, we have our loaders.

Currently, the company has a partnership with Indian Oil Corporation for shippers.

At present, Hyundai Motor India has 12 car models in various segments.


Disclaimer: This story is auto-generated from news agency feeds and was not edited by The Morung Express. (Source: IANS)


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