2023 Hyundai Ioniq 5 Expected Prices — What Should It Be Priced At? | V3Cars

06 December 2022
By Amit Saraswat
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Hyundai have revealed details of the India-spec Ioniq 5 electric crossover ahead of its launch at the 2023 Auto Expo. Hyundai will commence bookings for the Ioniq 5 on December 20. In this article, we share our price estimate for the upcoming Hyundai Ioniq 5.

2023 Hyundai Ioniq 5 Expected Prices

Take a look at the expected prices of the Ioniq 5 electric crossover:

HYUNDAI IONIQ 5 EXPECTED PRICES
Variant	Ioniq 5	Kia EV6
2WD	Rs. 45 lakh	Rs. 59.95 lakh
4WD	Rs. 50 lakh	Rs. 64.95 lakh

We expect Hyundai to locally assemble the Ioniq 5 in India whereas its cousin, the EV6 comes via the CBU route. The Kia EV6 shares its platform, equipment and battery pack with the Ioniq 5 and it costs Rs. 59.95 lakh for the 2WD and Rs. 64.95 lakh for the 4WD variant. We expect the Ioniq 5 to undercut the EV6 with a starting price of Rs. 45 lakh whereas the 4WD could cost Rs. 50 lakh ex-showroom. The Ioniq 5’s prices will officially be revealed at the 2023 Auto Expo.

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2023 Hyundai Ioniq 5 Dimensions

HYUNDAI IONIQ 5 DIMENSIONS
Dimensions	Ioniq 5	EV6
Length	4635mm	4695mm
Width	1890mm	1890mm
Height	1605mm	1570mm
Wheelbase	3000mm	2900mm

The Ioniq 5 measures 4635mm in length, which is 60mm shorter than the EV6. However, the Ioniq 5 is taller by 35mm and gets a 100mm longer wheelbase over the EV6. It’s worth mentioning that the dimensions of the India-spec Ioniq 5 could vary by a couple of millimeters.

2023 Hyundai Ioniq 5 Powertrain Details

Take a look at the powertrain details of the Ioniq 5:

HYUNDAI IONIQ 5 EXPECTED POWERTRAIN DETAILS
Specifications	Ioniq 5		EV6
Drivetrain	2WD	4WD	2WD	4WD
Battery Pack	77.4kWh	77.4kWh	77.4kWh	77.4kWh
Power	228PS	325PS	229PS	325PS
Torque	350Nm	605Nm	350Nm	605Nm
Range	TBA	TBA	708km	TBA

We expect Hyundai to offer the Ioniq 5 with the larger 77.4kWh battery pack. Globally, the Ioniq 5 also offers a smaller 58kWh battery pack with both 2WD and 4WD options. Like the EV6, the India-bound Ioniq 5 could come with both 2WD and 4WD drivetrain options.

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2023 Hyundai Ioniq 5 Launch Timeline And Rivals

As we stated earlier, the bookings for the Ioniq 5 will commence on December 20 while its launch will take place at the 2023 Auto Expo. It will rival other electric SUVs in the market, such as the Kia EV6, BYD Atto 3, Volvo XC40 and Mercedes-Benz EQB.

Also Read: Hyundai Cars At Auto Expo 2023 - What You Can Expect

ABOUT THE AUTHOR

Amit Saraswat

Born and brought up in Agra, he grew up reading magazines more than textbooks. With a keen interest in cars, he decided to make his future in automotive journalism and is currently helping in content at V3Cars.

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