Hyundai, MG seek to cut into local heavyweight's 85% market share
Bollywood star and Hyundai India brand ambassador Shah Rukh Khan promoted a new EV model at an auto show in January. (Photo by Ryosuke Hanada)
RYOSUKE HANADA, Nikkei staff writer | India
MUMBAI -- Hyundai Motor and MG are among the electric vehicle makers challenging Tata Motors' dominance in India, a market where Tesla has yet to arrive and Chinese automakers face hurdles to investment.
Hyundai Motor India plans to invest 200 billion rupees ($2.42 billion) over 10 years to develop an electric vehicle supply chain and charging network in the country, the company said May 11.
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