Hyundai Ioniq 5 selling like hotcakes in Indonesia

SEOUL: Hyundai Motor Co said it has bagged purchase orders for more than 1,500 of the all-electric Ioniq 5 in Indonesia within a week after its official release.

The South Korean automaker clinched purchase deals for 1,587 vehicles in the first five days since its official release on April 22, said Hyundai's sales unit in Indonesia as reported by Yonhap news agency recently.

The amount of purchase orders marks double the number of entire EVs sold in Indonesia for all of last year, reflecting the growing popularity and demand in the country, according to Hyundai.

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Hyundai also displayed the Ioniq 5 at the Indonesia International Motor Show that took place in Jakarta from March 31-April 10.

The Ioniq 5 crossover is sold at between 718 million and 829 million rupiah (RM216,000 - RM249,000).

Last year, Hyundai sold 605 Ioniq and Kona EVs in Indonesia, representing 87 per cent of the market share in the country.