- Hyundai Motor Group partners with the Indian Institutes of Technology (IITs) to establish a collaborative research system in batteries and electrification
- Group plans to invest around USD 7 million over five years, starting in 2025, to jointly conduct battery and electrification-related research with the IIT universities
- The Hyundai CoE to facilitate technical and human exchanges between battery and electrification experts from Korea and India, fostering talent and promoting long-term employment
SEOUL/DELHI, December 3, 2024 : Hyundai Motor Group today announced partnerships with the Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes include IIT Delhi, IIT Bombay and IIT Madras.
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 Group officials, along with IIT representatives, including Prof. Rangan Banerjee, Director at IIT Delhi, Dean Sachin C. Patwardhan at IIT Bombay and Dean Manu Santhanam at IIT Madras, attended a ceremony at IIT Delhi where they signed an agreement for the joint establishment of the ‘Hyundai Motor Group-IIT Hyundai CoE.’
“We are delighted to join forces with IITs, a group of leading engineering universities renowned for its exceptional education and research,” said Naksup Sung, Head of Hyundai Motor Group Research and Development (R&D) Planning & Coordination Center. “We believe that Hyundai CoE will cultivate a strong network of talented individuals from India’s academic landscape, driving innovation and future growth.”
Hyundai Motor Group (the Group) plans to invest around USD 7 million over five years, from 2025 to 2029, to jointly conduct battery and electrification-related research with the three IIT universities. The collaboration will expand into areas like 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). The Group believes that Hyundai CoE will play a pivotal role in strengthening not only HMIL’s commitment to India, reflecting the shared vision of mutual growth and collaboration but also capabilities for research on advanced technologies and development of India-specific products.
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