Hyundai's India-specific electric vehicle is set to boost its electric market share to over 7% within a year.

Hyundai Motor India is aiming for more than 7% of its domestic sales of electric vehicles within the next year, which is driven by the launch of its first EV designed and developed specifically for the Indian market. 

Hyundai’s made-for-India electric SUV is expected to launch in the fourth quarter of 2026 and will join Creta Electric and Ioniq 5 in the company’s existing lineup. The three models in the lineup will solidify their presence in the Indian EV industry. 

First EV Developed Exclusively for India 

The Managing Director and CEO of Hyundai Motor India, expressed his views on this and said, “With the launch of new EV, the Creta EV and Ioniq 5 in Hyundai’s portfolio, we are very close for EV penetration.”

Electric passenger vehicles are responsible for 7% of overall passenger vehicle sales in recent months. Currently, Hyundai is trailing the industry on EV penetration, but Garg expects the new model to narrow the gap within a year.

The upcoming EV will be a pure EV model, unlike the Creta Electric which is based on the ICE-powered Creta. However, Hyundai has not disclosed the model’s price, dimensions, battery capacity or driving range, but the company has stated that it will be a localised electric SUV which will come with a next-generation infotainment system and Level 2 ADAS. 

Creta Electric Sales Improve

The Creta Electric sales increased to around 1,000 units in August with a monthly run rate of 400-500 units, as stated by Garg. He also said that customers are returning to the Creta Electric after evaluating newer models and becoming more familiar with the advantages and disadvantages of the car.