Backchod Indian

  Hyundai Motor Group, comprising Hyundai and Kia, has taken a significant step towards strengthening its presence in India’s electric vehicle (EV) market. The conglomerate recently inked a groundbreaking agreement with a unit of India’s leading battery manufacturer, Exide Industries, to localize the production of EV batteries within the Indian subcontinent. This collaboration marks a pivotal moment not just for Hyundai and Kia but also for the burgeoning EV sector in India. As the demand for electric vehicles steadily rises in the country, localization efforts like this one are poised to accelerate India’s transition towards sustainable mobility solutions. Under the terms of the agreement, Hyundai and Kia will leverage the expertise of Exide Industries to establish a robust supply chain for EV batteries in India. By localizing battery production, the companies aim to mitigate logistical challenges and reduce dependency on imports, thereby enhancing cost efficiency and ensuring a s...