Hyundai Motor India is all set to launch its IPO (initial public offer) of around $3 billion in coming weeks. The company has also received approval from Sebi – Securities and Exchange Board of India. Furthermore, the South Korean automaker aims to expand its SUV product portfolio starting with the Creat EV early next year. The plan also includes two new petrol SUVs – Hyundai Bayon crossover and a three-row SUV – to challenge Maruti Suzuki Fronx, Tata Nexon and Mahindra XUV700, respectively. The new Hyundai 7-seater SUV will sit above the Alcazar and below the Tucson in the company’s product lineup.
According to a fresh media report, the new Hyundai 7-seater SUV (codenamed Ni1i) will be the brand’s first petrol-hybrid model in the country. It will also be one of the first Hyundais to be manufactured at its Talegaon production facility. The same plant will also serve as production hub for the new-generation Hyundai Venue that’s due for next year. The Hyundai hybrid SUV is likely to enter into production by 2027 with official target of around 50,000 units on annual basis. However, the share of the hybrid versions are not known.
Details of the new Hyundai 7-seater hybrid SUV are scanty at this point of time. However, it’s likely to have longer wheelbase than the Tucson (possibly around 4680mm). The report further states that the model might share its powertrain with the globally sold Tucson that comes with the 1.6L petrol hybrid setup. The carmaker might also introduce strong hybrid tech with its 1.5L naturally aspirated petrol engine.
Hyundai Motor India will also foray into the mass-market EV segment with Inster small electric SUV in the second half of 2026. The model, which will measure 3825mm in length, will go up against the Tata Punch.ev. Globally, the Hyundai Inster EV is offered with the 97bhp, Standard 42kWh battery and 115bhp, Long-Range 49kWh battery options.
