Hyundai India is offering a massive discount of up to Rs 7.05 lakh on the Ioniq 5 electric SUV this November, making it one of the most attractive EV deals in the country.
In a bold move to clear MY2024 inventory and boost electric vehicle adoption, Hyundai has rolled out significant discounts across its lineup this November. But the biggest headline-grabber is the Hyundai Ioniq 5, which now comes with benefits of up to Rs 7.05 lakh—a staggering markdown that could redefine the EV buying landscape in India.
Why the Ioniq 5 Stands Out
The Ioniq 5 isn’t just another electric SUV—it’s Hyundai’s flagship EV offering in India and a global award-winner. With its futuristic design, spacious cabin, and cutting-edge tech, it has earned accolades including 2024 Car of the Year. The vehicle is powered by a 72.6kWh battery paired with a 217hp rear-mounted motor, delivering an impressive ARAI-certified range of 631 km on a full charge.
This blend of performance and practicality makes the Ioniq 5 a compelling choice for urban commuters and long-distance travelers alike.
Breaking Down the Discount
Hyundai’s discount strategy is twofold:
- MY2024 stock of the Ioniq 5 is being offered with up to Rs 7.05 lakh in benefits.
- MY2025 models come with up to Rs 2.05 lakh in discounts.
These benefits include cash discounts, exchange bonuses, corporate offers, and scrappage incentives. It’s important to note that discounts may vary by city and dealership, so prospective buyers should check with local showrooms for exact figures.
Pricing After Discount
The Ioniq 5 is currently priced at Rs 46.05 lakh (ex-showroom). With the full Rs 7.05 lakh discount applied, the effective price drops to Rs 39 lakh—a significant reduction that brings it closer to premium ICE SUVs and makes it one of the most value-packed EVs in its segment.
What You Get for the Price
Despite the discount, the Ioniq 5 doesn’t skimp on features. Highlights include:
- Ultra-fast charging capability (10–80% in under 20 minutes with a 350kW charger)
- Vehicle-to-load (V2L) functionality, allowing the car to power external devices
- Dual 12.3-inch screens for infotainment and instrumentation
- Level 2 ADAS features, including lane keep assist, adaptive cruise control, and autonomous emergency braking
- Premium interior with sustainable materials and a flat floor for added comfort
These features position the Ioniq 5 as a tech-forward, eco-conscious alternative to traditional luxury SUVs.
Why the Discount Matters
The Rs 7 lakh discount isn’t just a marketing gimmick—it reflects Hyundai’s aggressive push to make EVs more accessible. With the Indian government offering additional subsidies under the FAME-II scheme and state-level incentives, buyers could potentially save even more.
This move also signals Hyundai’s intent to compete with rivals like Tata, MG, and BYD in the fast-growing EV space. By slashing prices on its flagship model, Hyundai is making a statement: premium EVs can be aspirational and attainable.
Should You Buy Now?
If you’ve been on the fence about going electric, this might be the perfect time. The Ioniq 5 offers a rare combination of style, substance, and savings. With fuel prices rising and EV infrastructure expanding rapidly across India, the long-term benefits of owning an electric vehicle are becoming increasingly clear.
However, stock is limited, and discounts are tied to availability. So if you’re serious about making the switch, it’s wise to act quickly.
Final Thoughts
The Hyundai Ioniq 5’s Rs 7 lakh discount is a game-changer—not just for Hyundai, but for the Indian EV market as a whole. It lowers the barrier to entry for premium electric mobility and sets a precedent for future pricing strategies.
Whether you’re an early adopter or a cautious newcomer, the Ioniq 5 now offers more reasons than ever to take the leap into electric driving.