Hyundai Creta, Grand i10 Nios and More to Get Expensive from January

Hyundai Motor India Ltd. is all set to hike the prices of its vehicles from January 2023. The Grand i10 Nios, Verna, Creta, Alcazar, and others are anticipated to cost more from the next month.

By Sanorita | on December 15, 2022 Follow us on Autox Google News

Hyundai Motor India Ltd. is the latest automaker after Mercedes-Benz, Tata Motors, and others to hike the prices of its models across the range. 

Hyundai Motor India Ltd. has officially announced that it will raise the prices of its models across the range from January onwards. Hence, we expect some of the models like the Hyundai Grand i10 Nios, the Hyundai Creta, the Hyundai Venue, and more to get more expensive from early 2023. Hyundai hasn't cited a list of reasons like other carmakers for this move, except for rising input costs. The new price structure will come into effect from January onwards. 

Hyundai Motor India Ltd. has joined the list of carmakers comprising the likes of Audi, Maruti Suzuki India, Mercedes-Benz, Tata Motors, and more, which have also shared the news of raising the prices of their vehicles, in order to partially offset the impact of increasing input costs from next month onwards.

Also read: Hyundai Creta facelift scores 5-stars in ASEAN NCAP crash test

In the press release, the automaker shared that "The company has continued to absorb rising cost, however will now pass on a part of the input cost increase through a revision in prices across its model range. HMIL will continue to make consistent internal efforts to minimize price impact to customers. New prices for HMIL model range come into effect from January, 2023.''

Tags: Hyundai Hyundai Grand i10 Nios Hyundai Motor India Ltd. Hyundai Creta

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