Hyundai Motor India Ltd continued its localisation push in FY25 and achieved 82 per cent of local purchasing in the fiscal in Internal Combustion Engine (ICE) vehicles, successfully localising over 1,200 components since 2019 in collaboration with nearly 200 suppliers.
The localisation level was somewhere around 78 per cent, as per a recent statement made by Hyundai to analysts, and within a year’s time, this number has gone up to 82 per cent.
In case of Electric vehicles (EVs), the dedicated battery assembly line with Mobis India enhances supply chain resilience while driving down costs, Gopalakrishnan CS, Whole-time Director & Chief Manufacturing Officer, Hyundai Motor India Ltd (HMIL) in said in the the company’s annual report for 2024-25.
While ‘Make in India’ promotes investment and reduces import dependence, Atmanirbhar Bharat has driven localisation of critical auto components – such as EV batteries, engines, and transmissions – while supporting integration of start-ups and SMEs into global value chains, he said.
To support India’s carbon neutrality goals, HMIL is building a holistic EV ecosystem from localised EV manufacturing and battery pack assembly in Chennai to cell localisation through strategic partnerships. Many of the company’s EVs in the future will have locally produced cells for better cost efficiency.
“We have deployed close to 80 fast chargers and aim for 600+ in the next 6-7 years, alongside Smart Home Charging (up to 11kW) and the myHyundai CMS for seamless charging, payments and after-sales support,” Gopalakrishnan said in the report.
Published on August 10, 2025
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We 5guruayurveda.com want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on. For any glitch kindly connect at 5guruayurveda.com
