GV70 Contract Begins... 890,000 KRW Discount Due to Extended Excise Tax Reduction

[Asia Economy Reporter Kiho Sung] Hyundai Motor's premium brand Genesis announced that it will start accepting orders for its first mid-size sport utility vehicle (SUV), the GV70, from 10 a.m. on the 22nd. The selling price of the GV70 has been lowered from the price initially revealed on the 16th due to the government's extension of the individual consumption tax reduction.

According to Genesis, the GV70 prices start at ▲Gasoline 2.5 Turbo 47.91 million KRW, △3.5 Turbo 57.24 million KRW, and ▲Diesel 2.2 50.36 million KRW. The gasoline 2.5 Turbo model price was reduced by 890,000 KRW, the 3.5 Turbo by 1.06 million KRW, and the diesel 2.5 by 940,000 KRW. This is the result of applying a 3.5% individual consumption tax.

In particular, for the GV70 Gasoline 2.5 Turbo model, which is expected to be highly preferred, the total purchase price with options such as ▲AWD (2.95 million KRW), ▲19-inch wheels & tires (690,000 KRW), ▲Signature Design Selection 1 (1.67 million KRW), and ▲Popular Package 1 (4.12 million KRW), which includes a head-up display and high-tech package, is 57.34 million KRW. The GV70 is scheduled to be delivered starting January next year.

This content was produced with the assistance of AI translation services.