Starting from January 1, 2024, the government’s 50% vehicle registration fee discount policy for domestically produced and assembled cars has expired. However, many car manufacturers and dealerships have decided to continue offering discounts on registration fees for their models to attract customers before the Lunar New Year. Hyundai dealerships are no exception.
As a result, some dealerships in Hanoi, Ho Chi Minh City, and Bac Giang are currently running a discount program equivalent to 50% of the registration fee for the Custin model. In Vietnam, Hyundai Custin has 3 versions: Standard, Special, and Premium, with prices of 850 million, 945 million, and 999 million VND respectively. Therefore, the 50% registration fee discount will be equal to an amount ranging from 42 to 50 million VND, depending on the version.
Hyundai Custin receives discounts of tens of millions of VND at dealerships, putting pressure on Toyota Innova Cross
With the promotional program at dealerships, Hyundai Custin will put additional pressure on its direct competitor, Toyota Innova Cross. In the 2 months since its introduction to the Vietnamese market, this Korean model has consistently outperformed its Japanese counterpart.
Specifically, in October 2023, Hyundai Custin sold 324 units, while Toyota Innova Cross sold 143 units. In November 2023, Hyundai Custin grew by 63.2% to 529 units, surpassing the 162 units sold by the Toyota member.
Compared to the Toyota Innova Cross, Hyundai Custin has advantages in terms of size and equipment. The Korean MPV features LED lights, 17-18 inch wheels, power-sliding side doors/tailgate, power-adjustable front seats with heating and cooling, a 10.4-inch touchscreen infotainment system, 6 speakers, electronic parking brake, dual sunroof, sunshades for rear seats, automatic climate control, air vents for all 3 rows.
Interior of Hyundai Custin
Hyundai Custin in Vietnam also has 2 engine options like the Toyota Innova Cross, but it does not have a hybrid version like its competitor. The first engine option for Hyundai Custin is a 2.0L Turbo GDi petrol engine, producing a maximum power of 236 horsepower and a peak torque of 353 Nm. The second option is a 1.5L Turbo GDi engine, with a maximum power of 170 horsepower and a peak torque of 253 Nm. Both engines are paired with an 8-speed automatic transmission and front-wheel drive (FWD).
In addition, there are various safety features such as 6 airbags, 360-degree panoramic camera, Blind-spot Collision Avoidance Assist (BCA), Rear Cross-Traffic Collision Avoidance Assist (RCCA), Safe Exit Assist (SEA), Adaptive Headlights (AHB), Tire Pressure Monitoring System (TPMS), Lane Following Assist (LFA), Forward Collision-Avoidance Assist (FCA), Smart Cruise Control (SCC), and Driver Attention Warning (DAW).
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