A senior official from Hyundai Motor India Ltd, which is preparing for an IPO, stated that the company will investigate options for exporting its new electric vehicles to similar markets in order to strengthen its role as a manufacturing hub for emerging markets.

The company plans to introduce four electric vehicles in the future, including an electric version of the popular SUV Creta by Q4 FY25, targeting mass and 'mass premium' segments.

"We are a very strong production hub for emerging markets. We are exporting to 80 plus countries. As far as EVs are concerned, it will, of course, depend on the demand but we are always open to look at any product, which we introduce in India, for exporting it to the other market as well," Hyundai Motor India Ltd (HMIL) COO Tarun Garg told PTI.

He was answering a question about whether the company will export the electric vehicles it plans to launch in India in the future.

"In terms of EV (exports) it will depend on the infrastructure. It will depend on the demand. But yes, going forward, we will see what are the opportunities which are being presented," Garg said.

The four EVs, including Creta EV, will be in both "mass as well as in the mass premium segments", which will be made in India, he added.

"These products are primarily for the Indian market ...the strategy has always been to make products central to the Indian markets to get good economies of scale as well," he said, adding like the company has done in the past, it would look to tap emerging markets that have similar customer preferences like India.