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Hyundai Achieves 92% Localization in Manufacturing with Key Milestones in EV Production

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Hyundai Achieves 92% Localization in Manufacturing with Key Milestones in EV Production

by Geraldine S.
01/21/2025
in Manufacturing

Hyundai Motor India Limited (HMIL) has highlighted its commitment to the “Make-in-India” initiative by achieving up to 92% localization in manufacturing through a strategic indigenization roadmap. The announcement was made at the Bharat Mobility Global Expo 2025, where HMIL showcased its localization efforts in a dedicated zone.

In collaboration with Mobis India, HMIL has commenced local assembly of battery packs at a newly commissioned, state-of-the-art facility within its Chennai manufacturing plant. The Hyundai CRETA Electric is the first model to feature battery packs assembled at this facility, marking a significant step in the company’s electric vehicle (EV) production strategy.

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Since 2019, HMIL’s localization efforts have resulted in foreign exchange savings of $672 million (INR 5,678 crore) and have generated over 1,400 direct employment opportunities. According to Gopalakrishnan Chathapuram Sivaramakrishnan, Whole-time Director and Chief Manufacturing Officer at HMIL, these efforts align with the Indian government’s “Atmanirbhar Bharat” and “Make-in-India” initiatives, leveraging the country’s resources, skilled workforce, and engineering capabilities to develop advanced technology domestically.

The commissioning of the battery-pack assembly plant represents a milestone in HMIL’s localization and EV roadmap, with the CRETA Electric standing as the first Hyundai EV manufactured in India to feature locally assembled battery packs.

Get the newest supply chain report news updates at The Supply Chain Report. Interested in international trade? Check out ADAMftd.com for free tools.

#MakeInIndia #Localization #EVManufacturing #SustainableMobility #HyundaiInnovation

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