Hyundai Motor India Ltd is set to become the first Indian automaker to integrate locally produced battery cells into its electric vehicles, following a binding agreement with Exide Energy Solutions Ltd, a subsidiary of Exide Industries Ltd.
The collaboration focuses on the production and supply of lithium-iron-phosphate (LFP) battery cells specifically designed for Hyundai’s EVs in the Indian market. This move is aimed at reducing costs, strengthening local supply chains, and supporting India’s transition towards carbon neutrality.
Heui Won Yang, head of Hyundai and Kia’s R&D division, emphasized India’s strategic role in the global electrification drive. He stated, “Our partnership with Exide Energy Solutions Ltd. ensures a competitive edge by equipping future Hyundai and Kia EVs in India with locally manufactured batteries.”
The advanced LFP cells boast over 10,000 charging cycles, significantly exceeding the performance of conventional lithium-ion batteries. This collaboration aligns with Hyundai’s broader strategy to enhance India’s EV ecosystem and localise its manufacturing operations.
Exide Industries is one of India’s leading manufacturers of lead-acid batteries, catering to a wide range of applications including automotive, industrial, and renewable energy sectors. Established in 1947, the company has grown to become a trusted brand, with a strong presence in both domestic and international markets.
Hyundai Motor India Ltd. (HMIL) is a prominent player in the Indian automotive market and a subsidiary of the South Korean Hyundai Motor Company. Since its inception in 1996, HMIL has grown to become one of the largest car manufacturers in India, offering a wide range of vehicles from compact cars to premium sedans and SUVs.
Known for its innovation, quality, and customer-centric approach, HMIL has earned a reputation for introducing advanced technologies, safety features, and fuel-efficient models. Hyundai Motor India is also committed to sustainability, with initiatives aimed at reducing its environmental impact through energy conservation, the adoption of renewable energy, and the promotion of eco-friendly vehicles like electric and hybrid models.
