SEOUL (Reuters) -Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group looks beyond electric vehicles to boost its presence in a key auto market.
The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans.
Hyundai and Kia are both targeting the launch of hybrid SUVs in India in 2026 or 2027, one of the sources said, adding that their EV plans for India were also on track.
In a statement, Hyundai Motor Group told Reuters it was “committed to a future of electrified mobility and will optimize product strategies for each market”.
(Reporting by Heekyong Yang in Seoul and Aditi Shah in New Delhi; Editing by Himani Sarkar and Clarence Fernandez)
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