Hyundai Motor announced intentions over the weekend to introduce the electric Creta, a well-liked SUV in India, to the country. The statement was made by the South Korean carmaker following its historic $3.3 billion IPO.

By January 2025, Hyundai Motor will introduce the Creta SUV, which is entirely electric. Hyundai’s manufacturing facility in Chennai, southern India, will produce it. Since 1998, the Chennai plans have been in operation. The electric Creta SUV, according to the traditional carmaker, is ideal for Indian families.

“The small-sized SUV is designed with roomy passenger seats to accommodate India’s extended family culture. It also features high ground clearance and in-car air purifiers, making it well-suited for a ride in the country’s often poor road and air conditions,” explained Hyundai.

The South Korean automaker is taking significant action in one of the rapidly expanding vehicle markets worldwide. Numerous foreign automakers, notably Chinese automakers like BYD, have expressed interest in India. Hyundai has taken action to maintain its position in the Indian auto industry and to keep expanding there.

After Maruti Suzuki, Hyundai is the second-biggest automaker in India. The company’s market share in India’s automobile industry as of 2023 is 14.6%. With 220,000 units sold last year, Hyundai’s Creta internal combustion engine automobiles, Alcazar, and Exter SUVs accounted for 60% of its total sales.