Overview
- Hyundai referred to its codenamed HE1i as the Ioniq P during its October 29, 2026 earnings call, though the company has not issued a formal name announcement.
- The model is now targeted for a Q4 FY2027 debut, with early reports saying an official launch could arrive in January 2027.
- Hyundai plans to build the car at its Sriperumbudur plant and to offer two battery-range variants on the E‑GMP (K) platform.
- The vehicle will feature next‑generation infotainment and Level‑2 assisted driving and is expected to share underpinnings and powertrain elements with the Kia Syros.
- Initial production will rely on imported battery cells because Exide Industries has said supplies under the Hyundai‑Kia local cell programme will not start this year, a factor that could raise early costs and affect pricing competitiveness as the model rolls out.