Hyundai announces an assured buyback programme for the Creta Electric in India. Under the scheme, the company promises customers 60% of the vehicle’s value retained after three years, subject to a mileage condition. The programme is designed to reduce uncertainty for buyers considering an electric vehicle by guaranteeing a minimum resale value at the end of the stipulated ownership period.
Both outlets report that the buyback offer applies to the Creta Electric and is linked to a maximum usage limit of up to 45,000 km during the three-year term. The value retention figure is described as 60% if the conditions are met. The proposal is framed as a way to encourage EV adoption by making the ownership economics more predictable for prospective buyers.
No additional details about eligibility criteria, enrolment timing, or operational terms are provided in the excerpts. The announcement focuses on the retention percentage, the duration of the agreement, and the mileage cap.
