Hyundai India today launched its first electric car in the country and yes it's a bold move. The car was launched at Rs. 25.30 lakh and that is an introductory price of course. There's also the option of a dual-tone paint scheme which can be got for an additional Rs. 20,000. Hyundai has invested heavily into making the Kona a viable option for the Indian market and the company is assembling the Kona in India as a result. Now, Hyundai is looking to sell 500 units of the car per annum in India and that's one way of ensuring penetration into the EV business. The number might not be much but considering that in FY2018-19 electric vehicle sales crossed the 7.50 lakh mark, the Kona electric's future does look pretty good in the country.
Hyundai Motor has launched the Kona Electric SUV in India. This is the first ever electric SUV to be launched in India and we believe it is a bold decision. The Kona is a compact crossover, similar to Hyundai Creta in terms of size and space but has a design which is not overly futuristic yet sharp enough to distinguish itself on the road. The front end gets slim LED daytime running lamps and low-mounted headlamps along with single-piece body-coloured bumper rising up till the bonnet. Hyundai's signature cascading grille pattern is embedded on to the bumper, giving it a modern, contemporary design.
The long-anticipated Hyundai Kona Electric SUV is all to go on sale in India this week on July 9, 2019. Apart from being Hyundai's first electric vehicle, the Kona Electric is also the first electric SUV to be launched in India, making it all the more important.
The Audi e-tron is the company's first ever fully electric SUV and it was recently previewed in India. Audi scored 5-stars in Euro NCAP's latest round of crash tests and scored 91 per cent for adult occupancy protection.
The NDA 2.0 government made some major announcements for pushing electric mobility in India as part of the Union Budget 2019. While the Indian auto sector did not witness any dramatic changes in tax norms, Finance Minister Nirmala Sitharaman recommended reducing the GST rate on electric vehicles from the current 12 per cent to five per cent in a bid to push the sale of EVs in the country. In addition, there will be an income tax deduction of Rs. 1.5 lakh on the interest paid on the loans taken to purchase electric vehicles. The push for EV purchase is expected to boost sales for the alternate fuelled vehicles, which has been a major agenda for the government since the previous term.
The electric vehicle segment in the Indian auto sector has welcomed the announcements to give tax incentives on loans for EVs, as well as GST reduction on electric vehicles.
