With the government now reducing the excise and customs duties on EVs between 100 to 200 kW, Hyundai Nepal has revised the pricing of the Ioniq 5. The Ioniq 5 will now be available at Rs 1,02,96,000. The Hyundai Ioniq 5 which was priced at Rs 1,16,96,000 earlier has seen a price cut of Rs 14 Lakh.

The Ioniq 5, the first car in Hyundai’s EV-dedicated Ioniq sub-brand and the first Hyundai automobile to be constructed on a new specialized E-GMP battery electric vehicle platform, ushers in a new era for EV design as well as EV performance and capability.  The Hyundai Ioniq 5 gets a Rear-Wheel Drive, Vision Roof, Vehicle-to-Load (V2L) feature, Ambient Mood Lights, Power Tailgate, Rain-Sensing Wipers, Blind-Spot View Monitor(BVM), and Voice Recognition Vehicle Control, among many others.

Hyundai Nepal offers the Ioniq 5 in a 58.9 kWh battery pack option with rear-wheel drive. This entry-level motor produces 168bhp (125 kW) and a beefy 350 Nm of torque. This means you can go from 0 to 100kmph in just 5.2 seconds. The Ioniq 5 gets an official range of 364 km.

Also Read: Hyundai Ioniq 5: A Glimpse Into The Future

For EVs between 100 to 200 kW, the government has decreased the excise duty and customs duty to 20 percent each. Earlier, this segment attracted 30 percent excise and 30 percent customs.