Overview
- Hyundai on its October 29 earnings call referred to a vehicle as the Ioniq P, but the company has not formally confirmed that name for the project codenamed HE1i.
- The model will be built at Hyundai’s Sriperumbudur plant in Tamil Nadu and is reported to sit on the E‑GMP (K) platform, a smaller variant of Hyundai’s dedicated EV architecture.
- Reports say the car will be offered with two battery/range options and next‑generation infotainment plus Level‑2 assisted driving, though final specs remain unannounced.
- Hyundai will initially use imported battery cells because local supply from its partnership with Exide Industries is delayed, with local cell sourcing planned to follow later.
- The car is expected to debut in Q4 of FY2027 (around January 2027) as a lower‑priced Ioniq variant aimed at boosting Hyundai’s EV penetration and competing with Tata, Mahindra and Kia in India.