New Delhi, Sept. 19 -- South Korea's Hyundai Motor Co. has announced a mid to long-term strategy to expand its hybrid electric vehicle (HEV) lineup and launch region-specific electric vehicles (EVs) for India and other countries.

Hyundai Motor's EV strategy features regionally tailored products designed for specific markets. "India will receive the country's first EV designed specifically for local drivers, while the market will also benefit from a localized supply chain," according to a media release from the comany.

Globally, the company plans to accelerate its production capacity by adding 1.2 million units by 2030. This includes 250,000 units from the Pune multi-model export hub in India, 500,000 additional units from Hyundai Motor ...