Hyundai and Kia have jointly decided to invest Rs. 2000 crores in developing dedicated and customized Electric Vehicle for OLA. This electric vehicle is expected to be a compact hatchback in the size of Wagon R, Santro or i-10. In a related announcement Hyundai also stated that it is going to launch its Kona Electric Vehicle in India very soon. This vehicle has had excellent reviews from buyers in United Kingdom and USA.