The Ioniq 5 will come with a 217hp motor for India, in contrast, the EV6 GT-Line gets a 229hp and 335hp option.
Hyundai recently debuted the Ioniq 5 in India and it will be launched at Auto Expo 2023. Bookings for the electric crossover opened on December 21 for Rs 1 lakh.
- Ioniq 5 is RWD only for India
- Will be locally assembled
- Will rival Volvo XC40 recharge among others
Hyundai Ioniq 5 price to undercut Kia EV6
The Ioniq 5 is expected to be priced between Rs 45 lakh – 50 lakh, significantly undercutting its cousin the Kia EV6. The latter is priced between Rs 59.95 lakh – 64.95 lakh (ex-showroom, Delhi).
A major reason for the undercut will be that Hyundai will assemble in India using CKD (completely knocked down) kits at its facilities in Tamil Nadu, according to sources. The Kia EV6 is brought in as a CBU (completely built unit) import. CKD and SKD (semi knocked down) units attract 15 and 30 percent customs duty, respectively, whereas CBU imports attract a hefty 60 percent customs duty.
Another reason could be that while Kia is offering the EV6 with rear-wheel drive and all-wheel drive configurations, Hyundai is only offering the Ioniq 5 only in the rear-wheel drive setup. Also, the Ioniq 5 gets a slightly smaller battery – 72.6kWh – whereas the EV6 gets a 77.4kWh battery pack.
The Hyundai Ioniq 5 is also available with a single-motor setup producing 217hp and 350Nm of torque. However, the Kia EV6 is available with a single-motor setup producing 229hp and 350Nm, as well as a dual-motor setup producing 325hp and 605Nm of torque.
Hyundai Ioniq 5: rivals in India
The Ioniq 5 will compete with its cousin – the EV6 – even though it will be significantly cheaper. It will also rival the Volvo XC40 Recharge, which is priced at Rs 55.90 lakh (ex-showroom, Delhi). Although not a direct competitor, the Mini Cooper SE will also see competition from the Hyundai EV as the former is priced at Rs 50.90 lakh (ex-showroom).
Also see:
Hyundai Ioniq 5 walkaround video
Hyundai Ioniq 5 video review