Hyundai Localises Over 1.2k Parts & EV Battery Packs

23 Jan 2025 CW Team

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.

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