Hyundai India aims 20% share of EV market by 2030: MD Unsoo Kim

Hyundai Motor India, which launched its Creta Electric SUV at the Bharat Mobility Global Auto Expo on January 17, expects the passenger electric vehicles’ market share to reach 20% by 2030. In an interaction with Fortune India after the launch of Creta Electric, Hyundai India’s MD & CEO, Unsoo Kim expressed optimism about potential of the EV market in Indian market, anticipating growth of 20-30% by 2035.

“The company is currently lagging behind competitors in the EV market but aspires to be a leading company in India in the future,” said Unsoo Kim. He acknowledged the potential for growth in the EV market and emphasised the importance of meeting customer demand to maintain market position.