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
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement