The Hyundai Center of Excellence (CoE), which will be set up within IIT Delhi, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market.
Hyundai Motor Groupplans to invest around US$7 million over five years, from 2025 to 2029, to conduct battery and electrification-related research jointly with the three IIT universities. The collaboration will expand into areas such as software and hydrogen fuel cells.
The Group plans to contribute to the establishment of an electric vehicle (EV) ecosystem in India. This will be done in conjunction with various policies for expanding EV distribution, implemented by the Indian government. The collaboration will involve the Centre for Automotive Research and Tribology (CART), the only EV-related research institute in India, located within IIT Delhi.
The Hyundai CoE will not only conduct joint research on academic-industrial cooperation tasks but also facilitate technical and human exchanges between battery and electrification experts from Korea and India. This will involve technical exchange meetings, special IIT lectures by Group battery and electrification experts, and operation of Korean visit training programs. The Group plans to continue efforts for, fostering talent and mid- to long-term employment.
These partnerships align with the Group's efforts to expand its presence in India, following the successful IPO of Hyundai Motor India Limited (HMIL).
