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GST reduction on EVs may bring down the cost of Kona electric SUV by Rs 2 lakh: Hyundai

Updated : July 09, 2019 22:54:58 IST

After Hyundai Motor India launched Kona Electric on Tuesday, the company said Goods and Services Tax (GST) reduction announced in the Union Budget 2019 may bring down the cost of the first real electric SUV.

Priced at Rs 25.3 lakh, the Kona electric has an ARAI (Automotive Research Association of India) certified range of 452 kilometres with a single charge.

In an interview to CNBC-TV18's Parikshit Luthra, Puneet Anand, senior general manager and group head marketing, said, "If you see globally, the electric vehicle industry is growing at a CAGR of over 15 percent. I think the developed countries are leading the race. We thought as a socially responsible manufacturer, India should be also one of the potential markets where the electric vehicle can usher in a new era of revolution."

Kona, which has a 39.2 kWh lithium-ion battery, can be charged up to 80 percent in 57 minutes with a DC fast charger. Customers will be provided with a portable and an AC wall box charger, the company said. The SUV will come with a 3-year warranty and 8-year or 1,60,000 km warranty for its battery.
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