Hyundai India to hike prices by Rs 30,000

Price hike on account of rising input costs to come into effect from January 2019.

Published On Dec 21, 2018 09:00:00 AM

9,308 Views

Hyundai India to hike prices by Rs 30,000

Hyundai Motor India Limited will increase prices of its entire range of cars by up to Rs 30,000. The new prices will come into effect from January 2019 and is due to an increase in input costs. Hyundai’s India portfolio currently consists of the Eon, Santro, Grand i10, Xcent, i20, i20 Active, Verna, Elantra, Creta and Tucson.

The brand isn’t the first to announce a price hike. Manufacturers such as Tata Motors and Toyota have made similar announcements little less than a month ago. With the depreciation of the Indian Rupee, manufacturers have increased prices to compensate for the rise in their manufacturing costs.

The Korean carmaker has big plans for India and aims to bridge the gap with market leader Maruti Suzuki over the next few years. Take a look at the comprehensive lineup of cars the brand has planned for the future.

Also see:

New Hyundai Palisade SUV revealed

Seon Seob Kim to replace Y K Koo as Hyundai India head

2018 Hyundai Santro review, road test

Tempting year-end discounts on 2018 Hyundai cars and SUVs