+
Hyundai Localises Over 1.2k Parts & EV Battery Packs
ECONOMY & POLICY

Hyundai Localises Over 1.2k Parts & EV Battery Packs

Hyundai Motor India Limited (HMIL) is localising over 1,200 parts as well as battery packs as part of its manufacturing strategy, the company announced at the ongoing Bharat Mobility Expo in New Delhi. The company, which has already achieved up to 92per cent localization in manufacturing, has with Mobis India commenced local assembly of battery-packs at a newly commissioned facility within HMIL's Sriperumbudur manufacturing facility. 

The Hyundai Creta electric is the first model to come equipped with locally assembled battery-packs from the plant. The Korean company's localisation efforts have led to forex savings of Rs 56 billion plus since 2019 creating direct employment opportunities for over 1,400 people. HMIL is working with more than 194 vendors to localise over 1,238 parts at its Chennai manufacturing facility. Said Gopalakrishnan Chathapuram Sivaramakrishnan, whole-time director and chief manufacturing officer - HMIL, "Commissioning of the HMIL and Mobis India's battery-pack assembly plant is a key milestone in our localization and EV roadmap." In phase 1, the plant has an annual assembly capacity of 75,000 battery-packs. The plant can assemble a diverse range of battery-packs including NMC (Lithium-Nickel-Manganese-Cobalt Oxide) and LFP (Lithium-Iron-Phosphate) batteries. The battery-pack assembly plant will help optimize battery costs for HMIL and streamline battery availability for its EVs produced in India, the company said in a statement. 
                          

Hyundai Motor India Limited (HMIL) is localising over 1,200 parts as well as battery packs as part of its manufacturing strategy, the company announced at the ongoing Bharat Mobility Expo in New Delhi. The company, which has already achieved up to 92per cent localization in manufacturing, has with Mobis India commenced local assembly of battery-packs at a newly commissioned facility within HMIL's Sriperumbudur manufacturing facility. The Hyundai Creta electric is the first model to come equipped with locally assembled battery-packs from the plant. The Korean company's localisation efforts have led to forex savings of Rs 56 billion plus since 2019 creating direct employment opportunities for over 1,400 people. HMIL is working with more than 194 vendors to localise over 1,238 parts at its Chennai manufacturing facility. Said Gopalakrishnan Chathapuram Sivaramakrishnan, whole-time director and chief manufacturing officer - HMIL, Commissioning of the HMIL and Mobis India's battery-pack assembly plant is a key milestone in our localization and EV roadmap. In phase 1, the plant has an annual assembly capacity of 75,000 battery-packs. The plant can assemble a diverse range of battery-packs including NMC (Lithium-Nickel-Manganese-Cobalt Oxide) and LFP (Lithium-Iron-Phosphate) batteries. The battery-pack assembly plant will help optimize battery costs for HMIL and streamline battery availability for its EVs produced in India, the company said in a statement.                           

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code