Hyundai Partners with Indian Oil to Explore Hydrogen Fuel Cell Vehicles
ECONOMY & POLICY

Hyundai Partners with Indian Oil to Explore Hydrogen Fuel Cell Vehicles

Hyundai Motor India (HMIL) has entered into a memorandum of understanding (MoU) with Indian Oil Corporation (IOC) to explore the feasibility of widespread adoption of hydrogen fuel cell vehicles in India.

As part of the collaboration, Hyundai has delivered a Hyundai Nexo, a hydrogen fuel cell electric vehicle, to Indian Oil for real-world testing on Indian roads. The Nexo was first introduced in India at the Auto Expo 2020 and was showcased again at the Auto Expo 2023, underlining Hyundai’s commitment to hydrogen-powered mobility in the Indian market. However, India currently lacks a widespread hydrogen refuelling infrastructure.

The MoU outlines a two-year trial period, during which Hyundai and Indian Oil will assess the Nexo’s performance over an estimated 40,000 km. The trial will also include a total cost of ownership (TCO) evaluation, including maintenance costs, to gain insights into the economic and environmental advantages of hydrogen vehicles in India.

Unsoo Kim, managing director of HMIL, emphasized, “Together, we aim to unlock the potential of green hydrogen as a transformative energy source, making it accessible, affordable, and sustainable. This partnership will play a crucial role in demonstrating hydrogen as a viable alternative fuel in the future.”

Other major Indian automakers, including Tata Motors, Ashok Leyland, and Mahindra & Mahindra, are also exploring hydrogen fuel cell technology. Recently, Tata Motors began trials of India’s first hydrogen-powered heavy-duty trucks, with trials set to last 24 months. Ashok Leyland is developing hydrogen-powered trucks with plans for a commercial launch by October 2026, while Mahindra & Mahindra has been laying the groundwork for future advancements in fuel cell electric vehicles (FCEVs).

Hyundai Motor India (HMIL) has entered into a memorandum of understanding (MoU) with Indian Oil Corporation (IOC) to explore the feasibility of widespread adoption of hydrogen fuel cell vehicles in India. As part of the collaboration, Hyundai has delivered a Hyundai Nexo, a hydrogen fuel cell electric vehicle, to Indian Oil for real-world testing on Indian roads. The Nexo was first introduced in India at the Auto Expo 2020 and was showcased again at the Auto Expo 2023, underlining Hyundai’s commitment to hydrogen-powered mobility in the Indian market. However, India currently lacks a widespread hydrogen refuelling infrastructure. The MoU outlines a two-year trial period, during which Hyundai and Indian Oil will assess the Nexo’s performance over an estimated 40,000 km. The trial will also include a total cost of ownership (TCO) evaluation, including maintenance costs, to gain insights into the economic and environmental advantages of hydrogen vehicles in India. Unsoo Kim, managing director of HMIL, emphasized, “Together, we aim to unlock the potential of green hydrogen as a transformative energy source, making it accessible, affordable, and sustainable. This partnership will play a crucial role in demonstrating hydrogen as a viable alternative fuel in the future.” Other major Indian automakers, including Tata Motors, Ashok Leyland, and Mahindra & Mahindra, are also exploring hydrogen fuel cell technology. Recently, Tata Motors began trials of India’s first hydrogen-powered heavy-duty trucks, with trials set to last 24 months. Ashok Leyland is developing hydrogen-powered trucks with plans for a commercial launch by October 2026, while Mahindra & Mahindra has been laying the groundwork for future advancements in fuel cell electric vehicles (FCEVs).

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?