Hyundai Enters Taxi Market With Prime Models
ECONOMY & POLICY

Hyundai Enters Taxi Market With Prime Models

Hyundai Motor India Limited (HMIL) on Tuesday entered the commercial mobility segment with the launch of its taxi offerings, Prime HB (hatchback) and Prime SD (sedan), marking a strategic expansion beyond its core focus on private passenger vehicles.

The move comes amid intensifying competition in the domestic auto market, with the South Korean carmaker expected to lose its second position by the end of 2025. Based on Vahan registrations, HMIL is projected to slip to fourth place behind Mahindra & Mahindra and Tata Motors, while Maruti Suzuki continues to lead the market.

The Prime taxi range has been developed specifically for fleet operators and taxi entrepreneurs, with a focus on low operating costs, predictable maintenance and high vehicle uptime. Both models are powered by Hyundai’s 1.2-litre Kappa four-cylinder engine and are available in petrol as well as factory-fitted CNG variants.

HMIL has priced the Prime HB at Rs 0.599 million and the Prime SD at Rs 0.689 million (ex-showroom). Bookings are open across dealerships with a token amount of Rs 0.005 million.

According to the company, the Prime range combines competitive pricing with features tailored for commercial use. These include a company-fitted speed limiter capped at 80 kmph, six airbags, rear AC vents, power windows, rear parking sensors and steering-mounted controls. Optional accessories such as a 9-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, a rear-view camera, and a vehicle location tracking device with panic buttons have also been introduced to meet regulatory and operational requirements for taxi services.

“With the introduction of Prime HB and Prime SD, Hyundai is proud to enter the commercial mobility space with products engineered for trust, reliability and strong earning potential,” said Tarun Garg, Managing Director and CEO-designate of HMIL. He added that the company’s extensive service network, extended warranty packages and flexible finance options would help fleet operators enhance profitability while ensuring safe and comfortable mobility for passengers.

To address the high usage typical of taxi operations, HMIL is offering specially designed extended warranty packages covering the fourth and fifth years or up to 0.18 million km, whichever is earlier. Maintenance costs are estimated at around 47 paise per km. The company is also offering flexible financing options with repayment tenures of up to 72 months, along with dedicated fleet-care advisors at dealerships to support both new and expanding fleet owners.

The launch is significant as HMIL seeks to diversify volumes and tap into a price-sensitive, high-usage segment at a time when competition in the private passenger vehicle market continues to intensify.

Hyundai Motor India Limited (HMIL) on Tuesday entered the commercial mobility segment with the launch of its taxi offerings, Prime HB (hatchback) and Prime SD (sedan), marking a strategic expansion beyond its core focus on private passenger vehicles. The move comes amid intensifying competition in the domestic auto market, with the South Korean carmaker expected to lose its second position by the end of 2025. Based on Vahan registrations, HMIL is projected to slip to fourth place behind Mahindra & Mahindra and Tata Motors, while Maruti Suzuki continues to lead the market. The Prime taxi range has been developed specifically for fleet operators and taxi entrepreneurs, with a focus on low operating costs, predictable maintenance and high vehicle uptime. Both models are powered by Hyundai’s 1.2-litre Kappa four-cylinder engine and are available in petrol as well as factory-fitted CNG variants. HMIL has priced the Prime HB at Rs 0.599 million and the Prime SD at Rs 0.689 million (ex-showroom). Bookings are open across dealerships with a token amount of Rs 0.005 million. According to the company, the Prime range combines competitive pricing with features tailored for commercial use. These include a company-fitted speed limiter capped at 80 kmph, six airbags, rear AC vents, power windows, rear parking sensors and steering-mounted controls. Optional accessories such as a 9-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, a rear-view camera, and a vehicle location tracking device with panic buttons have also been introduced to meet regulatory and operational requirements for taxi services. “With the introduction of Prime HB and Prime SD, Hyundai is proud to enter the commercial mobility space with products engineered for trust, reliability and strong earning potential,” said Tarun Garg, Managing Director and CEO-designate of HMIL. He added that the company’s extensive service network, extended warranty packages and flexible finance options would help fleet operators enhance profitability while ensuring safe and comfortable mobility for passengers. To address the high usage typical of taxi operations, HMIL is offering specially designed extended warranty packages covering the fourth and fifth years or up to 0.18 million km, whichever is earlier. Maintenance costs are estimated at around 47 paise per km. The company is also offering flexible financing options with repayment tenures of up to 72 months, along with dedicated fleet-care advisors at dealerships to support both new and expanding fleet owners. The launch is significant as HMIL seeks to diversify volumes and tap into a price-sensitive, high-usage segment at a time when competition in the private passenger vehicle market continues to intensify.

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Real Estate

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Real Estate

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement