Hyundai Motor India Limited (HMIL) has announced the launch of its Assured Buyback Program for the Hyundai CRETA Electric, offering customers an assured buyback value of up to 60% for ownership of up to three years or 45,000 km.
The initiative is designed to address one of the most significant factors influencing electric vehicle purchase decisions—future resale value. By providing greater assurance on vehicle value retention, Hyundai aims to enhance customer confidence in EV ownership while making the transition to electric mobility more accessible, convenient, and worry-free.
The Assured Buyback Program further strengthens Hyundai’s end-to-end EV ownership ecosystem, reinforcing the company’s commitment to delivering a seamless and confidence-inspiring electric mobility experience for Indian customers.
Commenting on the announcement, Mr. Tarun Garg, MD & CEO, HMIL, said “The next phase of electric vehicle adoption in India will be driven equally by advancements in vehicle technology and by greater customer confidence. Hyundai CRETA Electric has been engineered to deliver an exceptional ownership experience backed by Hyundai’s global EV expertise and the trust of the iconic CRETA brand. Our Assured Buyback Program, offering 60% assured buyback value, reflects our confidence in the product’s outstanding quality, reliability and long-term value. Together with our Battery-as-a-Service initiative, expanding charging infrastructure and future EV roadmap, we are building one of India’s most comprehensive EV ecosystems, enabling customers to embrace electric mobility without compromising on convenience, confidence or peace of mind.”
Key Highlights
- Assured Buyback Program: Offers customers enhanced confidence through assured future value, supporting Hyundai’s broader vision of delivering a complete EV ownership experience.
- CRETA Electric: Positioned as Hyundai’s flagship electric SUV, it offers:
- Up to 510 km ARAI-certified range (51.4 kWh battery) and 420 km (42 kWh battery).
- 10-80% DC fast charging in 39 minutes.
- Two battery options (51.4 kWh and 42 kWh).
- Features including Vehicle-to-Load (V2L), Digital Key, Level 2 ADAS, Side Foot Step, and 0-100 km/h in 7.9 seconds (Long Range variant).
- Battery-as-a-Service (BaaS): Introduced with the CRETA Electric, offering a starting vehicle price of ₹10.99 lakh and battery usage at ₹3.9 per km, reducing upfront ownership costs.
- Expanding Charging Network:
- The myHyundai app provides access to over 30,000 charging points across India.
- Hyundai has installed 183 DC fast chargers across 105 cities and plans to increase this to 600 DC fast charging stations by 2030, covering cities, highways and dealerships.
- Future Vision: Hyundai aims to accelerate EV adoption through a combination of assured resale value, flexible ownership models, extensive charging infrastructure, connected services and an expanding electric vehicle portfolio, delivering a trusted and sustainable mobility experience for Indian customers.
