US ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion.

Global players like Germany's Daimler , China's Geely Automobile and Japan's Toyota have all unveiled investments in startups that aim to deploy electric flying cars capable of vertical takeoff and landing.

Korean auto major Hyundai is planning to bring fuel cell electric vehicles to India. The company has already started a feasibility study as part of the plan.

Hyundai Nexo, which is already available in many markets, could be the first launch. The company claims Nexo is the world's first dedicated hydrogen-powered SUV and that it has a range of close to 380 miles, highest for any fuel-cell or electric vehicle in the market.

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday.

The South Korean carmaker unveiled a Strategy 2025 roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won.

A product mix which includes high-segment cars like Creta and next gen Verna ensured a healthy profit growth in FY19. Hyundai also relaunched hatchback Santro in October 2018.

“Diesel will be sustainable. It will be available till 2030 at least. But if you ask me if it will be sustainable after 50 years from now, I cannot predict,” J.R. Chun, director, engine performance testing, Hyundai Motor Co, said at the launch of the Hyundai Grand i10 NIOS in New Delhi last week.

NIOS is the third generation of i10 series to be launched in India. The car is available in two engine options, 1.2l petrol engine, which is BS VI-compliant and 1.2l diesel engine. The engine is the company's first BS-VI petrol engine in India.