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Hindustan Times
10-07-2025
- Automotive
- Hindustan Times
Hyundai, IIT Madras to set up ₹180 Cr green hydrogen R&D hub in Tamil Nadu
₹180 Cr green hydrogen R&D hub in Tamil Nadu data-item-target-url=/auto/news/ data-item-story-segment=N/A> The Hyundai Nexo hydrogen car has been showcased in India at multiple occasions including the Auto Expo 2023 Notify me In a major step towards advancing India's green hydrogen capabilities, Hyundai Motor India, in partnership with the Tamil Nadu government and IIT Madras, will establish a research and development facility dedicated to hydrogen technologies. Named the Hyundai HTWO Innovation Centre, the ₹ 180 crore facility will come up at IIT Madras' Discovery Campus in Thaiyur and is scheduled to become operational by 2026. Driving innovation in green hydrogen The project was announced during the Tamil Nadu Global Investors Meet in January 2024 and is positioned as a key catalyst for India's transition to clean energy. The centre aims to deepen research in hydrogen production, storage, and application, with a special focus on its role in sustainable mobility and power solutions. Also Read : 2025 Hyundai Inster scores 4 star rating in Euro NCAP crash test At the design unveiling event in Chennai, Tamil Nadu Industries Minister T R B Rajaa underscored the initiative's significance, calling it a symbol of India's growing technological prowess. 'Tamil Nadu is proud to be at the forefront of automotive and clean-tech innovation. With institutions like IIT Madras and partners like Hyundai, we are setting the stage for India—and potentially Asia—to lead the R&D efforts in next-gen hydrogen technologies," he said. A platform for global collaboration The facility will span 65,000 sq ft and include state-of-the-art experimental and computational labs. These will enable the development of digital twins for hydrogen infrastructure, pilot-scale electrolyser and fuel cell systems, and test zones for industrial-scale containerised solutions. Hyundai Motor India MD Unsoo Kim stated that the centre will be an 'open innovation platform," bringing together international experts, Indian researchers, and industry partners to accelerate breakthroughs. ''HTWO'—which stands for both 'Hydrogen' and 'Humanity'—represents our vision to create sustainable and scalable solutions aligned with Hyundai's global carbon neutrality goals," Kim noted. Also Read : Hyundai sales surpass 1.1 million units for sunroof-equipped cars in just 5 years Aligning with India's sustainability vision The Hyundai HTWO Innovation Centre will actively engage with stakeholders across academia, policy, and industry to build a robust green hydrogen ecosystem. According to IIT Madras Director V Kamakoti, this initiative will contribute to India's Atmanirbhar Bharat goals and Net Zero target for 2070. By enabling localisation of the hydrogen value chain and fostering public–private partnerships, the centre seeks to establish Tamil Nadu as a national—and possibly regional—hub for clean-tech innovation. With this move, Hyundai Motor India reaffirms its long-term commitment to the Indian market, not just as a manufacturing base but as a cradle of future-ready, sustainable technologies. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 10 Jul 2025, 07:29 am IST
Time of India
08-07-2025
- Automotive
- Time of India
Hyundai, IIT-M join up to indigenise hydrogen tech
Chennai: Hyundai Motor in partnership with IIT Madras and Tamil Nadu govt has decided to open a research and development hub for hydrogen infrastructure, including fabrication of electrolysers, fuel cells and others. The HTWO Innovation Centre aims to indigenously develop technologies with participation from IIT-M researchers and small scale industries. State industries minister T R B Rajaa unveiled the design of the centre on Tuesday. Hyundai Motors contributed Rs 100 crore for the initiative with partial funding through Hyundai Motor India Foundation (HMIF), as part of its CSR efforts for clean energy. Spread across a sprawling 65,000 sq ft area within the Thaiyur campus of IIT-M with financial support of the state government, it will feature advanced computational and experimental laboratories. It plans to develop digital twins of hydrogen infrastructure, along with customised test rigs and fabrication lines and pilot-level electrolysers and fuel cells. It will also host test zones for containerised pilot demonstrators for industrial-scale products. Unsoo Kim, managing director of Hyundai Motor said, "With the Hyundai HTWO innovation centre, we aim to foster an open platform for knowledge exchange by facilitating collaboration between global expertise and the local green hydrogen ecosystem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Pieces of Clothing Older Women should Avoid Learn More Undo This initiative demonstrates our commitment to Make in India by empowering local innovation, nurturing talent, and supporting the development of scalable, affordable, and sustainable hydrogen solutions. " Prof V Kamakoti, director of IIT Madras said this will make India localise hydrogen production and make it self-sufficient in the sector. One of the primary goals is to make hydrogen fuel economically feasible with lower cost and higher efficiency, he added. "It will contribute to sustainability and boost the nation's decarbonisation initiatives that target net zero by 2070. This centre can accelerate the efforts to achieve these targets," said Kamakoti. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai
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Business Standard
08-07-2025
- Automotive
- Business Standard
Hyundai Motor fuels India's hydrogen dreams with IIT Madras hub
India is finally making a move in hydrogen fuel cell technology for passenger cars too. On Tuesday, Hyundai Motor India joined hands with the Indian Institute of Technology Madras (IIT Madras) and Guidance Tamil Nadu to unveil the Hyundai HTWO Innovation Centre within the Discovery Satellite Campus of IIT Madras at Thaiyur in Chennai. The state-of-the-art research and development hub is poised to serve as a catalyst for innovation in the field of green hydrogen technology and its ecosystem. This comes after the company showcased the Hyundai Nexo hydrogen FCEV recently and joined hands with Indian Oil Corporation to conduct real-world tests on Indian roads. The only other company working on hydrogen cars in India is Toyota Kirloskar Motor, which is doing a pilot with the International Centre for Automotive Technology (ICAT) using the Toyota Mirai to study hydrogen fuel cell technology in Indian conditions. Pilot runs are already happening in the commercial vehicle segment. "Our vision goes beyond electrification. We see green hydrogen as a transformative energy solution with applications across sectors, from refining fuels to producing fertilisers and chemicals," said Unsoo Kim, managing director, Hyundai Motor India. This milestone marks the next phase in HMIL's ₹100 crore commitment to pioneering green hydrogen innovation in India. "For India to grow, Tamil Nadu needs to be growing by leaps and bounds, and that is exactly what Tamil Nadu is doing now through its amazing talent. The possibilities that are here in this amazing place are the possibilities that the rest of the world is only now looking up to. The Hyundai HTWO Innovation Centre is a crucial step towards indigenous hydrogen production," said T R B Rajaa, industries minister of Tamil Nadu. IIT Madras will house this Centre, spread across a sprawling 65,000 sq. ft. area at its Discovery Campus at Thaiyur, featuring advanced computational and experimental laboratories. The development of digital twins of hydrogen infrastructure, along with customised test rigs and fabrication lines, will contribute to the pilot-level evaluation of electrolyzers and fuel cells. It will also host test zones for containerised pilot demonstrators for industrial-scale products. Aligned with the Government of India's vision of energy independence by 2047, the facility will also drive research and development and demonstration activities to accelerate readiness and adoption across the green hydrogen value chain, making the Hyundai HTWO Innovation Centre a national hub for cost-effective, scalable hydrogen innovation. "This initiative demonstrates our commitment to 'Make in India' by empowering local innovation, nurturing talent, and supporting the development of scalable, affordable, and sustainable hydrogen solutions. Our collaboration with IIT Madras and the Government of Tamil Nadu reflects our long-term vision of advancing India's clean energy future and establishing a strong foundation for a hydrogen-powered tomorrow," Kim said. Building on Hyundai Motor Group's hydrogen brand and business platform — HTWO, the Centre is envisioned as a hub for industrial-scale hydrogen research and innovation. Leveraging HTWO's comprehensive expertise across the entire hydrogen value chain — from production and storage to application — as well as its role as an open platform for collaboration, investment, and partnership, the facility will focus on advancing hydrogen solutions in the mobility and power sectors. With a strong emphasis on localisation of the hydrogen value chain, pilot infrastructure development, and public-private collaboration, the Centre aims to accelerate the growth of a viable hydrogen economy. V. Kamakoti, Director — IIT Madras, said the Centre will run its first vehicle within three years. "This Centre will work with all the stakeholders of the hydrogen sector at the global level, including academia, national R&D laboratories, industries, and policymakers. This will make India Atmanirbhar Bharat in the hydrogen sector. It will greatly contribute to sustainability and provide a boost to the nation's decarbonisation initiatives that target Net Zero by 2070," Kamakoti said. Beyond R&D, the facility is expected to play a critical role in developing India's skilled hydrogen workforce and supporting the Government of India's vision of building an Atmanirbhar and Viksit Bharat.
Mint
09-06-2025
- Automotive
- Mint
Hyundai Motor shares climb over 6%, break IPO price for first time since listing. More gains ahead?
Hyundai Motor share price in focus: Maintaining its winning streak for the third consecutive trading session, Hyundai Motor's share price gained 6.6% in Monday's trade (June 9), hitting a fresh all-time high of ₹ 1,984.80 apiece on heavy volumes. The rally also helped the passenger vehicle (PV) maker surpass its IPO price of ₹ 1,960 for the first time since its listing in October last year. The rally was driven by the company's management sounding optimistic about sustained growth in exports, which has offset weak domestic demand in recent quarters amid falling urban buyer interest and a high base in recent years. Hyundai Motor India is targeting single-digit volume growth in exports in the current fiscal year. 'We aim to become Hyundai's largest export hub outside South Korea. We aspire to continue our growth trajectory in exports in the coming years,' Hyundai Motor India Managing Director Unsoo Kim told analysts during a call. 'For FY26, we anticipate export volume growth of around 7–8%, supported by robust demand for our products in emerging markets,' Kim added. The country's second-largest car manufacturer exported 163,386 vehicles in FY25 compared with 163,155 units in FY24. The company recently announced significant enhancements to its premium SUV, the Hyundai Alcazar. It has also guided 26 launches by 2030, including eight launches in the next two years, some of which will be refreshes. Meanwhile, industry body SIAM has projected passenger vehicle sales growth in the domestic market to be in the low single digits in FY26. Domestic brokerage firm Kotak Institutional Equities retained its 'Buy' rating on the stock with a target price of ₹ 2,050. The brokerage expects industry trends to improve from 2HFY26, driven by multiple tailwinds despite near-term challenges. 'We expect demand trends to remain muted in the near term, owing to weak consumer sentiment, limited new launches, and a high base,' it said. Kotak forecasts the company to gain market share from CY2026, driven by new and refreshed product launches in the SUV segment across multiple powertrains and by expanding the total addressable market through foraying into the MUV segment in FY27. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
India.com
05-06-2025
- Automotive
- India.com
Hyundai Motor India Targets 7–8% Growth in Exports for FY 2025-26, Eyes Role as Brand's Largest Export Hub Outside Korea
New Delhi: Hyundai Motor India Limited (HMIL) is eyeing a 7–8% growth in export volumes for the financial year 2025–26, as it marks 25 years of vehicle exports from India. The company has set its sights on becoming Hyundai's largest export hub outside of South Korea. Having begun its export operations in 1999 from Chennai Port, HMIL has shipped more than 3.7 million India-made vehicles globally, maintaining its position as the country's largest cumulative exporter of passenger vehicles. In FY 2024–25 alone, Hyundai exported 1,63,386 units, with Saudi Arabia, South Africa, Mexico, Chile, and Peru ranking among its top international markets. The automaker currently exports to over 60 countries and has a lineup of nine tailor-made products for overseas markets, including models like the Hyundai CRETA, CRETA Electric, ALCAZAR, EXTER, VENUE, AURA, VERNA, Grand i10 NIOS, and i20. HMIL recently commenced exports of the CRETA Electric to select neighbouring countries. 'In 2024-25, HMIL reached a significant milestone by completing 25 years of exports from India,' said Unsoo Kim, Managing Director, Hyundai Motor India Limited. 'As we aim to become Hyundai's largest export hub outside South Korea, we expect strong momentum to continue, with export volumes projected to grow by 7–8% in FY26.' Chennai Port has played a critical role in HMIL's export success. Shri S. Kirupanandasamy, Traffic Manager at Chennai Port Authority, noted the port's long-standing partnership with Hyundai. 'As the largest automobile export port in the Bay of Bengal, Chennai Port has served as a vital gateway for Hyundai's global shipments since 1999. Our dedicated facilities, including a holding yard for over 4,000 vehicles, support seamless export operations.' The company has achieved several export milestones faster than any other OEM in India – reaching 1 million units by 2010, 2 million by 2014, and 3 million by 2020. With a global strategy aligned to its 'Progress for Humanity' vision, Hyundai Motor India remains committed to expanding its footprint in emerging markets and reinforcing India's role as a major global automotive manufacturing base.
