homeauto NewsHyundai’s flagship EV ‘Ioniq 5’ to be assembled in India; bookings open

Hyundai’s flagship EV ‘Ioniq 5’ to be assembled in India; bookings open

Ioniq 5 will be Hyundai Motor India’s second EV in the country after its maiden offering Kona was launched in July 2019.

By Vivek Dubey  Dec 21, 2022 11:22:42 AM IST (Published)

3 Min Read

South Korean automotive manufacturer Hyundai has unveiled its new flagship electric vehicle (EV), 'Ioniq 5', in India. Bookings for this new electric crossover, launching at the Auto Expo in January 2023, have already started and can be pre-booked for Rs 1 lakh.
The company had also announced that the new Ioniq 5 would be assembled domestically, unlike its cousin, the Kia EV6, imported as an entirely built unit (CBU). With this, the latest Hyundai EV will be slightly more affordable than the Kia counterpart as the pricing in India differs due to customs duty between a CBU and a completely knocked down (CKD) car.
Hyundai's Ioniq 5 was first previewed at the 2019 Frankfurt motor show as the 45 EV concept. It also won the 2022 World Car of the Year award, the World Design of the Year and World Electric Car of the Year awards.