The 2.5 million ruppee price tag for Kona is a result of a multitude of factors. The car’s total localization rate is low, which means that few of its parts are manufactured or sourced locally.
Despite all the excitement around the introduction of India’s first long-range electric SUV, the Hyundai Kona’s price of Rs 25.3 lakh came as a bit of a shock. It was immediately clear why the electric SUV cost so much money: an imported lithium ion battery.
Nevertheless, a number of other factors, in addition to this one, go into the price of Kona, which is 2.5 million rupees. The car’s total localization rate is low, which means that few of its parts are manufactured or sourced locally.
“Even though we made every effort to localize, it was unsuccessful. When we reach out to suppliers, they are unsure about establishing capacity to work with Hyundai on Kona, “the senior vice president for production at Hyundai Motor India Limited, Ganesh Mani. “The car’s low volume and poor demand are to blame for this. This means that as of right now, we are only localizing a very small subset of the components—plastic parts, sheets, and some mechanical parts, to mention a few. However, we intend to expand this list in the future.”
The easiest way to characterize Kona is as a product made up of numerous, mostly imported components. The business is presently considering the potential of using Hyundai Creta and Hyundai Venue suppliers to provide Kona with parts as soon as possible. “No goals have been established for the localization of Kona. But when demand increases, localization will increase as well “Mani remarked.
In light of the Kona’s narrow market positioning and the current cost of lithium-ion batteries, Hyundai has publicly said that it has no plans to reduce the price of the vehicle. The business is content to let the Kona remain a niche product because it has ambitions to create a new electric car for the broad market in the next three to four years. Thus, it does not appear likely at this time that the corporation will reduce the price.
Although Hyundai claims to be working on them, cheaper, locally sourced lithium ion batteries could yet lower the cost of the Kona. Seon Seob Kim, Managing Director of Hyundai Motor India, stated, “We are attempting to locate local partners to obtain lithium ion batteries.” Even though it’s still early on, we are attempting to communicate with and understand the capabilities of our partners.
The cost of the Kona could be affected by the GST Council Meeting’s potential discussion of tax reductions for EV infrastructure. Hyundai is content for the time being, meanwhile, to sell its electric SUV for Rs 2.5 million.
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ANSWER
I believe that the main factor driving up the price is the high cost of batteries. Since BEVs are not produced in anything close to the same amount, economies of scale are also a consideration. However, the range of the Kona EV is dependent on the size of its battery, which is a unique selling point that (unfortunately) also drives up the price by 50% in comparison to the fully loaded ICE Kona.
(Or, to put it another way, if you price the Kona EV battery at the same level as the 36V Ryobi yard tool batteries at Bunnings, they’ll give you the rest of the vehicle for free.)
I don’t see this changing anytime soon because there is a lot of demand for batteries, which is driving up the price.
SERPRESULT
Retail price for the top-of-the-line Kona N is $34,200.
The estimated five-year cost to own the Kona SE is $36,517, or 49 cents per mile, including fuel, maintenance, and depreciation.
Nobody anticipates subcompact SUVs, such as the 2023 Kona Electric, to accomplish the impossible, such as offering a large interior volume in a relatively small overall footprint.
The Limited is alluring because to its added features, but the SEL, which is significantly less expensive, is the superior choice here.
One of the costliest recalls in history was for Hyundai’s Kona EV.
One annoying issue with some Hyundai electric vehicles is that they have a tendency to catch fire. Although there have only been 15 fire reports thus far, the danger is too severe for Hyundai to ignore the issue. Additionally, it is one of the most expensive recalls in history with a total recall of 82,000 automobiles.
According to CNN, the cost of the recall will be 1 trillion Korean won, or $900 million. This results in an average cost per automobile of $11,000, which is essentially unheard of. It can be difficult to compare exact costs because many automakers don’t reveal them, but part of Hyundai’s recall’s high cost is due to its nature.
The problem is with the battery, and EV batteries are expensive to replace. It is the equivalent to completely replacing the combustion engine in an ICE car, which hardly ever occurs. We have had many years to refine the art of combustion, and most engine problems can be traced to smaller, more specific parts rather than the entire vehicle.
However, EV batteries are not afforded that luxury, and the price of the battery is still very high. Therefore, even if there are fewer parts in an EV than in a combustion engine, it still costs substantially more to produce one. That is most likely not going to alter very soon.
All 15 fires that occurred occurred in Hyundai Kona EVs (or models with comparable names in other countries), although none involved the 6,700 vehicles sold in the United States. However, the LG battery cell could short-circuit if it has a flaw, so the business can’t really take any chances.
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GM was also compelled to recall the Chevy Bolt due to LG battery issues, even though those batteries are different from the ones in the Hyundai Kona. The Bolt’s battery didn’t require total replacement and is probably fixable with a firmware update. Hyundai wasn’t as fortunate.
Is repairing a Hyundai Kona expensive?
During the first ten years of ownership, a Hyundai Kona will require roughly $7,871 in maintenance and repairs.
This is $1,262 more expensive than the industry average for popular SUV models. Additionally, there is a 23.97% possibility that a Kona will need a significant repair at that time. Compared to competing automobiles in its segment, this is 2.47% worse. The following graph shows how these expenses and the likelihood of repairs will rise over time.
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What drawbacks exist with a Hyundai Kona?
What sort of issues is the Hyundai Kona experiencing? In this post, we’ll go over some frequent problems and important details you should look out for when shopping for a Hyundai Kona. Let’s begin with a succinct response.
Engine fires are the Hyundai Kona’s most problematic issue. In addition, reports of battery fires, brake system malfunctions, and issues with vehicle speed control were made. The Kona is infamous for shutting down its blind-spot collision warning system. The bulk of these issues should be resolved in later models of the Hyundai Kona because it is a relatively new car.
Our study of this subject is not well represented by this response. This article will go into great detail regarding these issues, including how to recognize them, how to resolve them, and how much it will cost to do so. Let’s begin!
The Hyundai Kona was produced where?
At its European manufacturing facility, Hyundai Motor Manufacturing Czech, Hyundai Motor has started producing the Kona Electric (HMMC).
This week, the first vehicles made for European consumers rolled out of the facility.
The more potent Hyundai Kona Electric model, with a 150 kW electric motor and a 64 kWh battery, will be manufactured in the Nosovice plant and have a 484 km driving range. The first new-generation electric vehicle made in the Czech Republic is the Kona Electric. Kona Electric will be more than three times as readily available to buyers in Europe in 2020 compared to 2019 because to increasing manufacturing at Hyundai’s Ulsan facility in Korea and other factors.
To fulfill the rising demand for electric vehicles in Europe, increasing Kona Electric production is an essential first step. Delivery times can be shortened by minimizing the distance a vehicle must travel between a producing facility and a customer. By developing future mobility solutions locally, we are further enhancing Europe’s position as a manufacturing hub.
What automobiles compare to the Hyundai Kona?
Selling aspects include the availability of a PHEV and the standard all-wheel drive.
Without a Subaru, no list of SUVs would be complete, and the 2022 Subaru Crosstrek clearly competes with the Kona. Even the most outdoorsy person would appreciate its robust exterior, and all-wheel drive is standard. However, it lacks the moxie necessary to traverse difficult terrain. A
Fortunately, you can store your belongings in the vehicle’s roomy cargo area or utilize its roof rack to transport your favorite outdoor gear. Although not extravagant, the inside is functional and simple to clean.
What’s best? One of the greenest crossovers available, the Crosstrek’s hybrid edition gets up to 90 MPGe combined and 35 mpg on the interstate.
Hyundai Kona’s fuel economy?
Hyundai Kona Driving Range in 2022 With a 13.2-gallon fuel tank, the N Line FWD model’s EPA-estimated 29 city and 35 highway mpg translates to approximately 356.7 city miles and 462 highway miles.
Does the Kona make a decent purchase?
When it comes to subcompact SUVs, the Hyundai Kona is the complete deal. Due to its exceptional blend of quality and value in the class, we even dubbed it our Best 2022 Subcompact SUV for the Money. It offers excellent fuel economy ratings and a respectable level of horsepower.
Are Hyundai Kona vehicles secure?
The Hyundai Kona is just as adorable to me as my new daughter. I’ve always wanted to get one, but I didn’t have the money until recently. Just make sure my child is safe, please. What is the Hyundai Kona’s safety rating?
In less than two minutes, find out if your auto insurance is being overcharged.
You’re correct,
The Hyundai Kona radiates cuteness. It is a good choice because it also has some excellent safety features.
The Hyundai Kona has the following safety rankings:
- The National Highway Traffic Safety Administration awarded it 5 out of 5 stars.
- From the Insurance Institute for Highway Safety, a Good rating
The Hyundai Kona’s safety features include some of the following:
- intelligent stop-and-go cruise control
- alert for blind-spot collisions
- avoidance of forward collisions with pedestrian detection
- A lane-keeping aid
- Drivers, pay attention.
- Control of traction
- Control for electronic stability
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The Hyundai Kona’s lifespan
Only a few years old, the Hyundai Kona is already proving to be a trustworthy subcompact crossover with few significant problems and reasonable maintenance expenses. Owners can typically anticipate a 200,000-mile lifespan.