Business Tycoon Anil Ambani Spotted in a Modest Hyundai Ioniq 5 Electric SUV

Credits: Facebook

By: Aquib Nawab

Cars

Anil Ambani has recently faced substantial losses in his companies and mounting legal challenges. This has resulted in a significant decline in his net worth and ranking in India's business landscape. In contrast, his elder brother, Mukesh Ambani, has continued to enjoy considerable success.

Anil Ambani's Changing Fortune

Credits: Nikkei

Anil Ambani arrived at a private airport after attending the inaugural ceremony of a newly-constructed temple in Ayodhya. He made his exit from the airport in a sleek black Hyundai Ioniq 5. Photographers and paparazzi were present, eager to capture a glimpse of the businessman.

Anil Ambani's Arrival at Private Airport

Credits: CarToq

The Hyundai Ioniq 5

The Hyundai Ioniq 5 is a noteworthy electric SUV. It has received numerous awards globally for its design and performance. Despite its premium price positioning, it falls short of the luxury cars Anil Ambani was previously associated with.

Credits: CarToq

Anil Ambani's history includes a collection of luxury cars that include the Mercedes-Benz S-Class, Land Rover Range Rover Vogue, Lamborghini Gallardo, and Rolls-Royce Phantom. These vehicles represented his affinity for opulence and extravagance.

Anil Ambani's Luxury Car History

Credits: CarToq

The Hyundai Ioniq 5 was initially launched in India with an introductory price of Rs 44.95 lakh. However, this price increased to Rs 46.05 lakh for subsequent customers. Its pricing reflects its position as a premium electric SUV.

Hyundai Ioniq 5 Pricing

Credits: CarToq

Local Assembly Advantage

Hyundai locally assembles the Ioniq 5 in India, which significantly contributes to its competitive pricing. This local assembly sets it apart from the completely built-up unit (CBU) offering of the Kia EV6, with which it shares its platform.

Credits: CarToq

The Hyundai Ioniq 5 boasts impressive specifications, including a rear-wheel drive system. The rear-mounted electric motor generates 215 bhp of power and 350 Nm of torque. With a 72.6kWh battery pack, it offers a claimed range of 631 km.

Hyundai Ioniq 5 Specifications

Credits: CarToq

Mukesh Ambani's family owns a Tesla Model S 100D, privately imported to India. This Tesla model is known for its powerful electric motors, offering 423 PS of power and 660 Nm of torque. It accelerates from 0 to 100 km/h in just 4.3 seconds and boasts an impressive range.

Mukesh Ambani's Tesla Model S 100D

Credits: CarToq

Tesla Model S 100D's Price

The Tesla Model S 100D is priced at $99,990 in the USA, translating to approximately Rs 73 lakhs. Import taxes in India significantly increase its cost to around Rs 1.5 crores. This estimate excludes registration costs and insurance, with potential exemptions due to government EV policies.

Credits: CarToq

Anil Ambani's decision to opt for the Hyundai Ioniq 5 represents a symbolic shift. It signifies his transition from luxury cars to electric vehicles, reflecting the changing landscape of electric mobility in India.

Anil Ambani's New Choice: A Symbolic Shift

Credits: CarToq

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