Hyundai plans four EVs by 2029 with $6.2 billion India push
In short
Hyundai said it plans four EVs by 2029 and will spend $6.2 billion on technology and R&D in India. It also plans a separate investment arm called HMG India.
The company also mentioned battery localisation, research partnerships and new mobility plans. The report does not say how the money will be split or when each project starts.
What the reporting says
Hyundai said it plans four EVs by 2029 and has earmarked $6.2 billion for technology and R&D in India. The publisher summary also says the automaker plans a dedicated investment entity, HMG India, along with battery localisation, research partnerships and emerging mobility opportunities. The reporting does not specify the project timeline beyond 2029 or the size of any individual investment.
Why it matters
Hyundai outlined a plan for four EVs by 2029 and said it has earmarked $6.2 billion for technology and R&D in India. The summary also mentions a dedicated investment entity, HMG India, plus battery localisation and research partnerships. The reporting does not break down the funding or confirm any specific launch dates for the EVs or related projects.