Business Standard. Hyundai Motor (HMC) is exploring the possibility of introducing hybrid vehicles as well as vehicles running on compressed natural gas (NGV) in the Indian market, according to a manager for the company in India.
Hyundai unveiled a mild-hybrid version of the Accent sedan in december 2005 at the Guangzhou International Automobile Exhibition in China. The hybrid Accent is due to go on sale this year in Korea as a 2007 model. (Earlier post.)
Hyundai officially unveiled its hybrid vehicles 2004 and has been testing and producing them in limited numbers in Korea. HMC sponsored Korea’s first official hybrid pilot by providing 50 Getz hybrids to the Korean Ministry of Environment in October 2004.
Hyundai has stated that it will begin sales of hybrids in the US late in 2006, starting with hybrid versions of its Accent and the Kia Rio. Hyundai has developed its hybrid technology itself, working with Enova, in which it has a stake.
Area sales manager for Hyundai Motors, N Balaji told Business Standard, “We have the hybrid engine technology in South Korea and we are exploring the feasibility of such vehicles in Indian market. But we would need subsidies from the government to launch this technology in India.”
A barrier to launching natural gas vehicles in India is the lack of refueling stations, according to Balaji.