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Automobiles

Hyundai to invest $530m to launch 6 EVs in India by 2028

Move comes as India pushes automakers to go electric

Electric vehicles account for under 1 % of total car sales in India, but the government is aiming for a share of 30% by 2030.   © Reuters

NEW DELHI (Reuters) -- South Korea's Hyundai Motor Co said on Wednesday it planned to invest 40 billion rupees ($530 million) to launch six electric vehicles in India by 2028, making a clean driving push in a country with some of the world's most polluted cities.

Hyundai, India's second largest carmaker, will launch affordable and premium electric models including sport utility vehicles (SUVs) and sedans, starting with its first electric vehicle (EV) in 2022, said Tarun Garg, director sales and marketing for Hyundai Motor India.

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