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Hyundai Ioniq P Name Trademarked In India; New Compact Electric SUV Coming In 2027
Sentiment: NeutralHigh Priority
What Happened?
Hyundai has trademarked the Ioniq P name in India, hinting at a new compact electric SUV set to debut in January 2027. The trademark application is currently under review.
Key points
- The Ioniq P name is trademarked under Class 12, covering motor vehicles.
- The new compact SUV is internally codenamed HE1i.
- It is expected to be Hyundai's most affordable EV in India.
- The SUV will be manufactured at Hyundai's facility in Sriperumbudur, Tamil Nadu.
- It is expected to compete with Tata Nexon EV and Mahindra XUV 3XO EV.
- Hyundai has not confirmed the final production name or pricing.
Key insights
- The introduction of the Ioniq P may enhance Hyundai's competitive edge in the growing EV market.
- Local production of battery cells could reduce costs and improve supply chain efficiency.
- The expected affordability of the Ioniq P could attract a wider customer base in India.
Why it matters
The trademark could indicate Hyundai's commitment to expanding its electric vehicle lineup in India.
Entities
Hyundai· CompanyIoniq P· ProductIndia· CountryCreta Electric· ProductTata Nexon EV· ProductMahindra XUV 3XO EV· ProductKia Syros EV· ProductExide Industries· CompanySriperumbudur· LocationTamil Nadu· State
Source
Times Now
