Hyundai plots SUV rollout in India as local competition mounts ahead of IPO

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Hyundai plots SUV rollout in India as local competition mounts ahead of IPO - Business Standard

Quick Summary:

Market leader Maruti is doubling down on SUVs and hybrids, and plans to launch six EVs by 2031."What brought Hyundai so far will not necessarily take it into the future.

Tata, India's top-selling EV maker with a market share of more than 75 per cent, has said it plans to launch five EVs over the next three to four years, taking its total to 10.

Of the two new gasoline-powered SUVs Hyundai is planning for India, the first will be based on its Bayon crossover currently sold in global markets, the three sources said, competing against Maruti's Fronx crossover and Tata's Nexon SUV.