The Hyundai Venue, a popular subcompact SUV in India, offers a blend of style, features, and performance that makes it an attractive choice for many car buyers. While the ex-showroom price provides a starting point, the actual on-road price in India is significantly impacted by various additional charges. This article aims to provide a comprehensive understanding of these factors and the overall cost of owning a Hyundai Venue.
Ex-showroom price and influencing factors
The ex-showroom price of the Hyundai Venue in India starts at ₹7.94 Lakh and can go up to ₹13.62 Lakh, depending on the variant and engine type. There are 35 variants available, each catering to different needs and budgets.
Several elements contribute to the ex-showroom price:
- Variant: Higher-end variants like the SX or SX(O) are naturally priced higher due to the inclusion of advanced features such as Level 1 ADAS, an electric sunroof, automatic climate control, and a wireless charger. The Venue Knight Edition, featuring an all-black interior with brass accents and unique exterior enhancements, also commands a premium price.
- Engine Type: The Venue offers a choice of three engine options: a 1.2-litre naturally aspirated petrol engine, a 1.0-litre turbo-petrol engine, and a 1.5-litre diesel engine. The turbo-petrol and diesel engines, offering superior performance and fuel efficiency, are priced higher than the naturally aspirated petrol engine.
- Transmission Type: Both manual and automatic transmission options (including DCT and iMT) are available across different variants. Automatic transmission variants generally come with a slightly higher price tag.
Components of the on-road price
The on-road price of a car is a sum of the ex-showroom price and other charges, including:
- Road Tax: This tax, levied by the state government, varies based on the car’s price, engine capacity, and fuel type.
- Insurance: The cost of car insurance depends on factors such as the chosen insurance provider, the type of insurance policy (e.g., comprehensive vs. third-party), and any optional add-ons. Opting for zero-depreciation insurance or extended warranty will also add to the overall cost.
- Registration Charges: These charges are levied for registering the vehicle with the regional transport office (RTO) and obtaining a registration number.
- Other Costs: This category may include miscellaneous expenses like FASTag fees, handling charges, and potential charges for optional accessories. Some variants may also include TCS (Tax Collected at Source) charges.
City-wise price variations
The on-road price of the Venue also varies from city to city due to differences in state-level taxes and levies. For instance, in Delhi, the starting on-road price for the base petrol variant is approximately ₹8.97 lakhs, while in Mumbai it is about ₹9.29 Lakh.
Ownership costs and maintenance
In addition to the purchase price, it’s essential to consider the long-term ownership costs associated with the Hyundai Venue. These include:
- Fuel Costs: The Hyundai Venue offers various mileage figures depending on the engine and transmission, ranging from approximately 17.5 kmpl for the 1.2-litre petrol engine to 24.2 kmpl for the diesel engine (as per ARAI figures). Real-world mileage may vary based on driving style and conditions.
- Maintenance: Routine service and maintenance costs are generally considered to be reasonable for the Venue compared to its rivals. The first two services are typically free, while subsequent services are paid. The estimated maintenance cost for the Venue over 5 years is around ₹20,180.75. The diesel variants might incur slightly higher maintenance costs compared to the petrol variants.
- Parts and Spares: Hyundai’s extensive service network ensures readily available and affordably priced spare parts.
Conclusion
The Hyundai Venue offers a compelling package in the subcompact SUV segment, balancing modern design, advanced features like Level 1 ADAS, multiple powertrain options, and relatively affordable maintenance costs. When considering the on-road price, it’s crucial to factor in all the elements beyond the ex-showroom price, including road tax, insurance, and other charges. Moreover, anticipating the long-term running costs associated with fuel and maintenance will help you make a well-informed decision before purchasing your Hyundai Venue.
