Hyundai Motors announces buyback program for CRETA electric
South Korean automaker Hyundai Motor has recently introduced an ‘Assured Buyback Program’ for its electric SUV, the Hyundai Creta Electric in India. Under this scheme, customers are offered a guaranteed buyback value of 60 percent after three years or 45,000 kilometers of usage.
Through this program, Hyundai aims to address a key concern influencing the decision to purchase an EV: the uncertainty regarding future resale value.
Furthermore, the buyback program is designed to meet long-term ownership needs by providing customers with greater confidence, financial security, and peace of mind throughout their ownership journey.
Additionally, Hyundai’s Assured Buyback Program strengthens the company’s rapidly expanding electric mobility ecosystem. This ecosystem encompasses innovative ownership models, a nationwide charging network, connected digital services, and an expanding range of electric vehicles.
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.”
How is Hyundai addressing customer confidence in Electric Vehicle Ownership?
As India’s electric vehicle market enters its next phase of growth, customer confidence is becoming as important as vehicle technology. While advancements in driving range, charging infrastructure and connected technologies have accelerated EV adoption, long-term ownership value remains a key factor for customers transitioning to electric mobility. Hyundai’s Assured Buyback Program has been designed to address this need by providing customers with greater certainty, financial assurance and peace of mind throughout their ownership journey.
How does the Hyundai Assured Buyback Program fit into Hyundai’s broader EV Vision?
The Hyundai Assured Buyback Program complements Hyundai’s rapidly expanding electric mobility ecosystem, which now encompasses innovative ownership solutions, a nationwide charging network, connected digital services and an expanding portfolio of electric vehicles. Together, these initiatives reflect Hyundai’s vision of delivering not just advanced EVs, but a complete ownership experience that enables customers to embrace electric mobility with confidence.
What makes the Hyundai CRETA Electric a compelling choice for Indian EV customers?
Built on the legacy of India’s most loved SUV brand, the Hyundai CRETA Electric combines proven SUV credentials with advanced electric mobility. Designed for everyday practicality and long-distance confidence, it offers an ARAI-certified driving range2 of 510 kms (51.4 kWh battery pack) & 420 km for (42 kWh battery pack), DC fast charging capability that enables 10% to 80% charging in just 39 minutes3, Advanced battery options – 51.4 kWh (long range) and 42kWh (Standard range), Vehicle-to-Load (V2L)4 inside & outside, Digital Key6, Hyundai SmartSense Level 2 ADAS5, Side Foot Step for both convenience and bold SUV stance and Thrilling acceleration of 0-100 in 7.9 seconds7 in Long Range CRETA Electric. Backed by trusted Hyundai’s brand, extensive sales and service network, comprehensive EV ecosystem and strong residual value proposition, the CRETA Electric delivers a compelling ownership experience, making it one of India’s most desirable and future-ready electric SUVs.
How is Hyundai Making Electric Mobility More Accessible and Affordable?
Further strengthening affordability and ownership flexibility, Hyundai Motor India recently introduced the Battery-as-a-Service (BaaS)1 model with the Hyundai CRETA Electric at a starting price of INR 10.99 lakhs and Battery EMI starting at just INR 3.9 per kilometre, enabling customers to significantly reduce the initial acquisition cost while paying for battery usage based on their driving requirements.
