Hyundai Creta EV to launch in India in 2025, price could start around Rs 15 lakh: report

Creta EV will compete with the Mahindra XUV400, the Tata Nexon EV MAX and the upcoming Maruti YY8 EV SUV.

Highlights
  • Hyundai Creta EV is in development, project codenamed SU2i EV
  • The Creta EV is expected to debut in 2025 and will be Hyundai’s first ICE-to-EV platform conversion 
  • The Creta EV will be priced between Rs 15 lakh to Rs 30 lakh 

Hyundai is reportedly working on a new electric version of its popular compact SUV Hyundai Creta which is likely to debut in India in Q1 of 2025. Autocar suggests that the vehicle is being developed under the project SU2i EV and the Korean manufacturer aims to go into series production by Q4 of 2024 with an estimated sales target of 20,000 to 25,000 units per annum. The Creta EV is likely to compete with Maruti’s upcoming YY8 EV SUV and will cater to the Rs 15 lakh to Rs 30 lakh EV segment in the country. 

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Hyundai Creta EV launch

The Hyundai Creta EV will aim at the hotbed of the EV market in India and aims to gain crucial momentum in the space. This comes as a part of the Korean automaker’s plans to establish itself as a credible EV maker in the country. Hyundai’s top-down approach saw the introduction of CBU and CKD units in the form of the Hyundai IONIQ 5 and the Hyundai Kona EV. 

With the Creta EV, the automaker wants to derive an electric powertrain from an existing architecture that supports ICE powertrains. As per the report, this will be followed up by the complete localisation of Hyundai-Kia’s E-GMP EV platform for use in India and other global markets. By the time the Creta EV is ready to hit the market, the brand would have sorted its crucial back-end aspects such as sourcing, manufacturing and the charging infrastructure.

The Korean automaker is bracing itself for an electric vehicle onslaught and is expected to launch as many as 6 EVs in India by 2028. The company has already begun to upgrade its Chennai facility, which reportedly has seen a lot of activity lately. The production facility is being repurposed to accommodate the production of ICE-platform-based electric vehicles. The company has already invested Rs 1,472 crore in the expansion of plant capacity to 8.5 lakh units citing future demand. Hyundai Motor Company is also committed to spending around Rs 4,000 crore for the introduction of EVs into its India portfolio.