<p>Chennai: Automobile major Hyundai Motor Group on Tuesday announced plans to invest around $7 million over the next five years to jointly conduct battery and electrification-related research with Indian Institutes of Technology (IITs), Delhi, Bombay, and Madras. </p><p>The collaboration will expand into areas like software and hydrogen fuel cells, the company said, adding that it will establish a collaborative research system in the fields of batteries and electrification. </p>.Hyundai sales dip 7% in November.<p>Hyundai Center of Excellence (CoE), which will be set up within IIT Delhi, will operate through sponsorships from Hyundai Motor Group and its primary objective is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market.</p><p>“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. </p><p>The Group plans to contribute to the establishment of an electric vehicle (EV) ecosystem in India, which 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 company said. </p><p>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. </p><p>“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 company added. </p>
<p>Chennai: Automobile major Hyundai Motor Group on Tuesday announced plans to invest around $7 million over the next five years to jointly conduct battery and electrification-related research with Indian Institutes of Technology (IITs), Delhi, Bombay, and Madras. </p><p>The collaboration will expand into areas like software and hydrogen fuel cells, the company said, adding that it will establish a collaborative research system in the fields of batteries and electrification. </p>.Hyundai sales dip 7% in November.<p>Hyundai Center of Excellence (CoE), which will be set up within IIT Delhi, will operate through sponsorships from Hyundai Motor Group and its primary objective is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market.</p><p>“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. </p><p>The Group plans to contribute to the establishment of an electric vehicle (EV) ecosystem in India, which 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 company said. </p><p>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. </p><p>“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 company added. </p>