In the present times, where the importance of environmental protection and green technology is increasing, electric vehicles have made their presence felt with a bang. One of these options is GMC’s Hummer EV, which has brought a new era in the electric vehicle revolution with its great performance and gorgeous design.
However, its high price and heavy taxation remain a major challenge in the Indian market. So those who are interested to buy the Hummer EV, this would be an expected price that you have to pay and after that you can successfully drive the car on Indian roads without any problem!
Hummer EV Different variants and their prices
Hummer EV is available in several variants, but the major ones are the Hummer EV Pickup 2X, and Hummer EV Pickup 3X. In addition to that, in market you will also see 2 more variants of Hummer EV which are Hummer EV Edition 1 and Hummer EV 3X Omega Edition.
Here’s all about the variant and the starting price. check below table:
Hummer EV | Ex-showroom Price in USD | Ex-showroom Price in INR |
---|---|---|
EV 2X | $96,550* | approx 80 Lakh |
EV 3X | $104,650* | approx 88 Lakh |
EV Edition 1 | $108,700* | approx 90 Lakh |
EV 3X Omega | $148,000* | approx 1.23 Crore |
The price that mentioned in INR this is not the final price of Hummer EV. When this SUV car will be delivered in India then custom charges will be imposed and hence the cost of Hummer EV will drastically increase and final cost will end up with Rs 1.80 to Rs 1.95 Crore for the base model .
So if you want to know how the price of the Hummer EV 2X or the price of the 3X more than doubled, keep reading. Below we have calculated everything that helps you understand the Hummer EV price in India. Let’s find out…
Hummer EV Base Price + Custom duty + Insurance and other charges
As per India car import policy, if the value of a car is below than $40000 then 60% import duty tax will be imposed, and if value of car is more than $40000 then 100% custom duty will be imposed.
Since the ex-showroom price of all variants is more than $40,000, the custom duty at the rate of 100% will be imposed without any question. Additionally, freight charges, insurance cost, RTO & registration fees, and other charges (like local testing fees, local transport from one city to another, color fee) will also be applicable.
So based on these factors, we have done a complete cost analysis. Below you can check the breakdown for each and every model of Hummer EV and know more about the expected final cost in India!
2X Variant
- Ex-showroom price: ₹75 lakh
- Custom Duty (100%): ₹75 lakh
- Freight Charges: ₹2-4 lakh
- Insurance Cost: ₹3-3.5 lakh (5% of ex-showroom price)
- RTO & Registration Fee: ₹22-25 lakh (15% ex-showroom+custom duty)
- Other Fees (Approximate): ₹2 Lakh (Local shipping, Testing, Color)
- Total cost: Approx ₹1.80-1.95 crore
3X Variant
- Ex-showroom price: ₹88 lakh
- Custom Duty (100%): ₹88 lakh
- Freight Charges: ₹2-4 lakh
- Insurance Cost: ₹4-4.5 lakh (5% of ex-showroom price)
- RTO & Registration Fee: ₹25-26 lakh (15% ex-showroom+custom duty)
- Other Fees (Approximate): ₹2 Lakh (Local shipping, Testing, Color)
- Total cost: Approx ₹2.05-2.10 crore
Similarly the Hummer EV Edition 1 and Hummer EV 3X Omega Edition will cost around ₹2.08-2.15 crore and ₹3.05-3.15 crore respectively. Based on what variant you are going to purchase the final price of Hummer EV will vary and you can get the price idea from https://www.gmc.com website!
Challenges in Indian market
Despite the great performance and high-quality options of the Hummer EV, its high price and heavy taxation makes it accessible only to a small segment. It is clear that the cost of electric vehicles needs to be made more affordable so that they can be made available to the common people.
If GMC plans to manufacture the their cars or trucks in India (as India announced new EV policy), then the cost of this car will drastically drop and its base variant i.e. 2X will be available between Rs 79-89 lakh, while the upper variant 3X will be priced between 89 Lakh to 1 crore.
If GMC takes advantage of this opportunity, GMC can make good profits by targeting the exclusive class or rich class of people who are always ready to promote and looking for the best option for off-road.
Final Words
The Hummer EV is a brilliant and impressive electric car, a bright sign for the future. However, its expensive price and taxation remain a major hurdle in the Indian market. Nevertheless, only vehicles with such innovative and green technology will help in saving our environment.
It is hoped that in future the prices of electric vehicles will become more affordable and they will also be accessible to the common people.
What’s your take on Hummer EV Different variants Prices? Which one is your favorite? Please share your thoughts in the comments and keep exploring https://evcitycars.in for more updates.
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