If Hyundai are officially announcing Rs. 10.0 lakh discounts on their website, you could take that as the baseline of cash offer when approaching the negotiation phase for the car. In fact, we would suggest you be prepared to hold your purchase and bargain harder to rake in a little more benefits. If you manage to score the Rs. 10.0 lakh off on the Ioniq 5, this would bring the price to Rs. 36.30 lakh + insurance and registration costs.

However, if you manage to negotiate for another Rs. 1.30 lakh in cash benefits, that would bring the price to an even round figure of Rs. 35.0 lakh + insurance and registration. At this price, the Ioniq 5 really sounds like a sweet deal.

The lack of support from the government towards electric car adoption was visible in the revised GST rates as EVs got absolutely no rate cut. Moreover, the Ioniq 5 has been struggling as the competition heats up and sandwiches the car. On the higher end, the BYD Sealion, Seal and BMW iX1 LWB are offering luxury badge. Meanwhile, on the budget side, the Mahindra BE6, XEV 9e, Tata Harrier EV and the upcoming Mahindra XEV 9s are making the Ioniq seem overpriced.

From a long-term reliability and maintenance angle, the Hyundai Ioniq 5 comes across as a solid option, if you can get it for a target price of Rs. 35.0 lakh + registration and insurance. At this price, it is worth the premium you’re paying over the Harrier EV top model or the XEV 9e top model for the exclusivity and smoother ownership experience.

Also Read: Hyundai To Launch Brand-new Fronx-rival In H2 2026

Hyundai Exter & Verna To Get Their Mid-life Refresh In H1 2026

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