Hyundai, MG seek to cut into local heavyweight's 85% market share
Bollywood star and Hyundai India brand ambassador Shah Rukh Khan promoted a new EV model at an auto show in January. (Photo by Ryosuke Hanada)
RYOSUKE HANADA, Nikkei staff writer | India
MUMBAI -- Hyundai Motor and MG are among the electric vehicle makers challenging Tata Motors' dominance in India, a market where Tesla has yet to arrive and Chinese automakers face hurdles to investment.
Hyundai Motor India plans to invest 200 billion rupees ($2.42 billion) over 10 years to develop an electric vehicle supply chain and charging network in the country, the company said May 11.
Read Next
Sponsored Content
About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.