Hyundai Malaysia to decrease possession value by as a lot as 20% – older fashions like Ioniq Hybrid within the works

Persevering with with its define of its 2026 plans, Hyundai Motor Malaysia (HMY) has introduced it would decrease the possession prices of its three present fashions by as a lot as 20%. This follows an analogous transfer by Kia Gross sales Malaysia (KSM) to slash elements costs by as much as 15% when it started operations firstly of the 12 months.

Possession prices will drop by as much as 16% for the Staria and 15% for the Santa Fewith the Tucson getting the complete 20% discount. Particulars stay mild for now, and it’s unclear whether or not the decrease prices come from cheaper elements or lowered servicing and/or labour prices. Nevertheless, managing director Jahabarnisa Haja Mohideen stated the corporate is taking a look at choices in each areas, together with negotiating costs with distributors.

Throughout her speech, Jahabarnisa additionally talked about that shifting ahead, HMY shall be engaged on reducing possession prices for older fashions such because the Ioniq Hybrid. This could encourage house owners of those vehicles to return again to official service centres for his or her upkeep wants.

Talking of hybrids, HMY is trying to cut back the costs of battery replacements for its newer hybrid fashions, the Tucson Hybrid and the Santa Fe Hybrid. Jahabarnisa touted the modular batteries on these vehicles, which permit the substitute of simply the defective cells.

These after-sales initiatives will go hand-in-hand with HMY’s already-announced initiatives that embrace an eight-year/160,000 km guarantee on all fashions. They can even be supported by an expanded gross sales and repair community that may develop from 12 to 25 retailers this 12 months. New merchandise deliberate for this 12 months embrace the Ioniq 5 N and Ioniq 6 N in addition to the Stargazer MPV.

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