The price hike will make all Hyundai cars expensive by up to 2 percent.
Due to increasing input costs, most of the car manufacturers have announced a price hike across their product lineup in India. And Hyundai is the latest player to announce the same. The South Korean carmaker will increase prices of all its models in the country.
The price hike will make all Hyundai cars expensive by up to 2 percent. That means, all models will get pricier by up to Rs 50,000. One must note that the new prices will be applicable from January 1, 2018. Read – Upcoming Hyundai Cars in India
Announcing the price hike, Rakesh Srivastava, Director – Sales & Marketing, said, “We have been absorbing the increase in input and material costs but now are constrained to increase the prices by 2 percent.”
New Hyundai Verna Review
Hyundai’s current product lineup is priced between Rs 3.29 lakh (for the entry-level variant of Eon hatchback) to Rs 25.19 lakh (for the range-topping variant of the Tucson SUV). Aforementioned prices are ex-showroom, Delhi. The new-generation Hyundai Verna was the most important launch from the South Korean carmaker this year.
The Verna’s new model has turned out to be the game changer for the company. Within first month of its arrival, it became the top-selling mid-size sedan of the country. It has beaten both of its arch rivals – Honda City and Maruti Suzuki Ciaz. Besides this, the new Verna has won the most prestigious award of the Indian automobile industry – ICOTY 2018 (Indian Car of the Year).
In November 2017, Hyundai India registered a total sales of 44,008 units accounting a growth of 9.98 percent. While the new Verna emerged as the major sales contributor, the Creta, Elite i20 and Grand i10 generated good volume for the carmaker. Though, the company didn’t share its export figures.
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