Gurgaon: Hyundai Motor India Limited (HMIL), which on Tuesday inaugurated its new mega corporate office in Haryana’s Gurugram, has sought a cut in import duty on electric vehicles (EVs).
With an investment layout of Rs 2,000 crore, Hyundai has set up its corporate headquarters in the millennium city which is also the turf of Maruti Suzuki. The company also showcased its Lonic 5 EV, but stopped short of confirming plans to launch the vehicle in India.
As Hyundai formally opened its grand and mega corporate office in the heart of Gurugram – built on an investment of Rs 1,000 crore over the past three years – the presence of Maruti MD Kenichi Ayukawa at the event took almost everyone by surprise Attended by Haryana Chief Minister ML Khattar. “I am here at the invitation of Hyundai as the president of the auto industry body SIAM. I have nothing more to add here,” Ayukawa said.
The South Korean auto major said any duty rate cut by the Center on imported EVs would be very beneficial as it would help carmakers to produce much-needed quantities and reach some viable scale. Hyundai also backed demand by US electric car major Tesla, which has sought to reduce tariffs on imported EVs.
However, for Hyundai, Gurugram’s foray into a daring trend is at least a signature claim and one that it is showing with enthusiasm. The firm’s India headquarters consists of 28,000 sq ft of fully built-up space, perhaps the most important for a multinational auto firm, and includes 50 kW photo voltaic panels on roof primes, 14 charging items for electrical automobiles, and a 400 The green components like sqm are ‘green wall’ with vegetation.
Maruti chairman RC Bhargava informed TOI not too long ago, Maruti is investing as a part of plans to relocate its Gurugram plant (the oldest and first automobile plant of the corporate) and move to a new large and trendy manufacturing setup.