The car is expected to cost between Rs3.6million to Rs4million and it is expected to compete against Honda Civic and Toyota Corolla.
The car is expected to pack a 1.6L Naturally Aspirated 4-Cylinder Petrol Engine. The engine produces 122hp and 156Nm of torque, mated with 6-Speed Manual or 6-Speed Automatic transmission.
Hyundai Motor has announced that it will be recalling about 82,000 electric vehicles globally due to fire risks and will be replacing their battery systems.
The report said Apple wanted to work with an established automaker willing to allow the California tech giant to control the software and hardware that will go into the vehicle.
The report comes weeks after Reuters reported that Apple was moving forward with self-driving car technology and was aiming to produce a passenger vehicle that could include its own breakthrough battery technology as early as 2024.
The plan underscores efforts by the world’s No.5 auto group to become a major player in the global EV market, as car makers around the world are pouring billions of dollars of investment to improve battery technology, which keeps EV prices high compared with combustion engine models.
Market leader Tesla said in September it aims to halve the cost of its EV batteries and bring more production of the key auto component in-house to lower EV prices to $25,000 each.
The partnership, which plans to launch the rides in the first half of 2021, aims to combine Motional's driverless vehicles with Via's technology that powers booking, routing passenger and vehicle assignment.
The partnership on Tuesday said it was working to ensure the health and safety of vehicle occupants.
Hyundai plans for production capacity of 2,000 units of Xcient fuel cells per year by 2021, to support its expansion plans as demand for clean transport grows.
Hyundai Nishat Motor (Private) Limited has launched Hyundai Porter and Hyundai Tucson as CKD, as it aims to cement its brand in the country’s auto sector.
The South Korean company plans to introduce two production lines dedicated to electrics vehicles (EVs), one next year and another in 2024, according to an internal union newsletter seen by Reuters.
Its domestic sales rose 5pc year-on-year, led by popular models such as the Grandeur sedan and new models such as all-new Elantra and premium brand Genesis' G80 sedan.