Electric vehicles are gradually becoming a mainstream mode of transportation. India is one of the regions with potential for no-emission vehicles. Korean automaker Hyundai is set to disrupt the Indian automobile industry with plans to produce electric vehicles. It is targeting the Indian electric vehicle market in India. Recently, the Korean automotive launched its all-electric sports SUV Hyundai Kona Electric for the Indian market.

Back in March, Hyundai and it’s associate firm Kia had announced an investment of $300 million in OLA. The trio will produce electric vehicles suitable for the Indian market. So, we may soon be seeing electric OLA cabs on Indian streets. Air pollution is becoming a major threat in many Indian cities. So, electric vehicles can help overcome pollution pressure to a great extent. The proposed joint venture may take two to three years to materialize.

S.S. Kim, MD of Hyundai Motor India Ltd. says that the company will now turn into mobility solutions from automobile maker. The partnership with OLA will bring many advantages to the OLA drivers. They can avail financial services such as lease and payment in installments. Also, Hyundai will aim to provide better vehicle maintenance resulting in enhanced customer satisfaction.

Hyundai has no plans of launching a hybrid vehicle in India even though it has the technology. According to the company, the Indian government does not support hybrid models. Hyundai has plans to play longer in the Indian electric vehicle market. On the other hand, Volkswagen recently denied the viability of electric vehicles in India.