Hyundai India will increase prices of its popular Grand i10 hatchback from August 2018 onwards by 3 percent, citing a corresponding increase in input and material costs.

The Grand i10 currently retails from Rs 4.74-7.51 lakh. This increase will see prices rise by about Rs 14,000-22,000, depending on the engine option and trim level. The car is available in 83hp, 1.2-litre petrol and 75hp, 1.2-litre diesel engine options. Both come mated to a five-speed manual transmission as standard, although the petrol motor also gets the option of a four-speed torque converter automatic.

The Korean carmaker is gearing up to launch a new small hatchback that will sit under the Grand i10 in its line-up. The tall-boy hatchback will replace the now-aging Eon and may be called the Santro, reviving the brand name of Hyundai's first model made in India.

The Eon is currently priced between Rs 3.33-4.70 lakh. As the new hatchback is expected to carry a similar price tag, the increase in the Grand i10’s price could be to minimise overlap between the new Hyundai hatchback and the larger Grand i10.

All prices, ex-showroom, Delhi