NEW DELHI, April 19 -- South Korean auto maker Hyundai Motor Co. is considering the possibility of manufacturing certain electric vehicle (EV) components, besides launching hybrid vehicles in India, said a senior company executive.

Hyundai Motors is already in talks with strategic partners to invest in the development of components for electric vehicles, and believes that there will be adequate demand for hybrid vehicles.

Apart from offering incentives for electric vehicles, the Union government has also announced its support for 10,000 units of hybrid vehicles over the next three years, as part of its Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) scheme.

"The procurement division of our parent company is study...