IIT Delhi, Bombay, Madras Partner with Hyundai Motors for Battery and Electrification Research
Group plans to invest around USD 7 million over five years, starting in 2025, to jointly conduct battery and electrification-related research with the IIT universities
Hyundai Motor Group has partnered with the Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes include IIT Delhi, IIT Bombay and IIT Madras.
The Hyundai Center of Excellence (CoE), which will be set up within IIT Delhi, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market.
Hyundai Motor Group officials, along with IIT representatives, including Prof. Rangan Banerjee, Director at IIT Delhi, Dean Sachin C. Patwardhan at IIT Bombay and Dean Manu Santhanam at IIT Madras, signed an agreement for the joint establishment of the ‘Hyundai Motor Group-IIT Hyundai CoE.’
“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. “We believe that Hyundai CoE will cultivate a strong network of talented individuals from India's academic landscape, driving innovation and future growth.”
Hyundai Motor Group (the Group) plans to invest around USD 7 million over five years, from 2025 to 2029, to jointly conduct battery and electrification-related research with the four IIT universities. The collaboration will expand into areas like software and hydrogen fuel cells.
The Group plans to contribute to the establishment of an electric vehicle (EV) ecosystem in India. This 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 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. This will involve technical exchange meetings, special IIT lectures by Group battery and electrification experts, and operation of Korean visit training programs. The Group plans to continue efforts for, fostering talent and mid- to long-term employment.
Q: Is IIT Bombay good for MBA courses?
MBA is one of the popular courses of IIT Bombay, offered through Shailesh J. Mehta School of Management. The institute has a good ranking in the Management category. Here are few parameters that will help candidates decide if IIT Bombay is a good option for pursuing an MBA:
- Rankings: NIRF has ranked IIT Bombay under the 'Management' Category for three consecutive years. In 2024, NIRF ranked the institute at #10 position among the top MBA institutes in India.
- Placements: IIT Bombay conducts placement drive every year. Students pursuing MBA can get placed in the top companies through the placement drive. The highest and average package offered during SJMSOM IIT Bombay MBA placements 2024 stood at INR 72 LPA and INR 28.01 LPA. Further, the placement rate recorded during SJMSOM MBA placement 2024 was 100%. A total of 48 companies visited the campus during SJMSOM IIT Bombay MBA placements 2024.
- Faculty: As per IIT Bombay Shiksha Reviews, every faculty member here is highly qualified, and many of them have multiple publications in renowned research journals.
Q: Is IIT Madras good for MBA?
In terms of placements, the institute has recorded good placement numbers for MBA. The lowest package offered to the MBA students during 2023 placements was INR 11 LPA. The highest package grabbed was INR 30.66 LPA. The majority of offers received were of packages between INR 20 LPA and INR 25 LPA. Tabulated below are the key highlights of IIT Madras placements 2023:
| Particulars | MBA Placement Statistics (2023) |
|---|---|
| the highest package | INR 30.66 LPA |
| Median package | INR 20.80 LPA |
| the lowest package | INR 11 LPA |
PPOs received |
26 |
Offers above INR 30 LPA |
3 |
Offers between INR 25 LPA - INR 30 LPA |
6 |
Offers between INR 20 LPA - INR 25 LPA |
12 |
Offers between INR 15 LPA - INR 20 LPA |
10 |
Offers between INR 10 LPA - INR 15 LPA |
6 |
Q: Is IIT Delhi good for an MBA?
The Department of Management Studies (DMS), IIT Delhi, also known as DMS IIT Delhi offers a two-year MBA course at undergraduate courses in a full-time mode. IIT Delhi is a decent option to pursue an MBA degree. IIT Delhi ranked 4 by the National Institutional Ranking Framework (NIRF) in the Management category IN 2024. Talking about DMS IIT Delhi MBA placements 2023, the average package offered was INR 25.82 LPA and the highest package stood at INR 41.13 LPA. A placement percentage of 100% was achieved. Thus, it is a good institute for an MBA.
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 Group believes that Hyundai CoE will play a pivotal role in strengthening not only HMIL’s commitment to India, reflecting the shared vision of mutual growth and collaboration but also capabilities for research on advanced technologies and development of India-specific products.
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Abhay an alumnus of IIMC and Delhi University, has over a decade long experience of reporting on various beats of journalism. During his free time he prefers listening to music or play indoor and outdoor games.
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