Hyundai had launched the model, which is priced between Rs 6.5-11.1 lakh (ex-showroom Delhi), in May this year.
The reduced Kona Electric price is effective from August 1, 2019, Hyundai Motor India said in a statement.
Hyundai had registered domestic sales of 45,008 units in May 2018, it said in a statement.
The auto major will introduce its global technology BlueLink in the Indian market with the launch of the compact SUV which is set to hit roads in May this year.
"January 2019 started on a cautious note, however, the company registered all model growth on account of strong performance by all new Santro, Grand i10, Elite i20, Verna and Creta," HMIL National Sales Head Vikas Jain said.
HMIL said, in 2018, it sold sold 7,10,012 units, its highest ever in a year, as compared with 6,78,221 units in 2017, it added.
Hyundai sells a range of models, from Santro hatchback to SUV Tuscon priced between Rs 3.89 lakh and Rs 26.84 lakh (all prices ex-showroom Delhi).
Exports grew 22.2 percent in September to 14,976 units as against 12,257 units in the year-ago month.
The company today unveiled the first sketch of the car code-named AH2, which is widely considered as the one that will mark the return of the once-popular Santro model.
The company had sold 55,315 units in July last year, HMIL said in a statement.
Srivastava, who joined the company as Vice President and served for six years, has played a key role in the company's growth during the period strengthening its position as the second biggest player in the passenger vehicles segment.
Currently, HMIL sells a range of vehicles from entry-level small car Eon at a starting price of Rs 3.3 lakh to premium SUV Tucson priced up to Rs 25.44 lakh (ex-showroom Delhi).
The company had sold 55,614 units in March last year, HMIL said in a statement.
Domestic sales of the company, however, rose marginally to 40,158 units last month as compared to 40,057 units in December 2016.
Rakesh Srivastava, HMIL Director(Sales and Marketing) said growth during the last month has been achieved due to the strong performance of next gen Verna Gen Verna along with Grand i10, Elite i20 and Creta.
The company, which is a wholly-owned subsidiary of South Korea's Hyundai Motor Company (HMC), today rolled out its 5 millionth car for domestic market -- a next gen Verna, from its Chennai facility.
The company has so far received more than 1.5 lakh enquiries, HMIL said in a statement. "The Next Gen Verna has outperformed in India once again with more than 20,000 bookings and 1,50,000 enquiries in a short span of two months of its launch in India," HMIL Managing Director and CEO Y K Koo said.
HMIL Director, Sales and Marketing, Rakesh Srivastava said the company's October sales were driven by its popular models such as Grand i10, Elite i20 and Creta. Besides, the newly-launched Verna received strong customer response with over 20,000 cumulative bookings and 1.5 lakh enquiries, he added.
The all new Verna, which was introduced in the country in August this year, will be sold as Next Gen Accent in the Middle East markets, including Saudi Arabia and Oman.
"With the introduction of 4WD Tucson, we have focused on the localisation, thus offering competitive pricing for our valued customers," Hyundai Motor India Managing Director and CEO Y K Koo said in a statement.
At an official handover ceremony at Jawahar Lal Nehru Stadium in New Delhi, Mr. Y.K. Koo, MD & CEO, HMIL handed over the fleet of premium Hyundai cars to Mr. Martin Nussbaumer, Marketing Operations Group Leader, FIFA and Mr. Javier Ceppi, Tournament Director, Local Organising Committee.
HMIL Director, sales and marketing, Rakesh Srivastava said August sales were boosted by strong response to the newly launched Verna that received more than 7,000 bookings within 10 days of launch.
The company has also received over 70,000 enquires since its launch on August 22, 2017, HMIL said in a statement.
"The rate of reduction varies from state to state across the car range depending on the earlier VAT rates. The price reduction will be up to 5.9 per cent ex-showroom Delhi," Hyundai Motor India said in a statement. The new prices are effective from July 1, 2017, it added.
"SRK is one of the first Hyundai family members and has played a key role in the success of Santro since our inception in India," Hyundai Motor India Ltd (HMIL) MD and CEO Y K Koo said in a statement.