The carmaker, which will showcase two electric cars at Auto Expo 2018, has asked the govt to reduce GST rate on electric and hybrid vehicles. Ltd, India’s second largest car maker, plans to launch its first electric car in India by 2019, a year earlier than arch rival Maruti Suzuki India Ltd plans to enter the segment. If things go according to plan, Hyundai will be the first foreign passenger vehicle maker to launch its electric vehicle in India. Globally, Hyundai sells fully battery-powered electric vehicles, hybrid and plug-in hybrid vehicles under the Ioniq brand. “It is a fairly good move by Hyundai to be the first foreign manufacturer to launch electric vehicles in India.

Source: Mint January 31, 2018 02:26 UTC