Hyundai to raise prices from January 2017

Hyundai cars to demand up to Rs 1 lakh more starting January

Subsequent to the announcement made by Toyota, Tata and Nissan, Hyundai too has joined the bandwagon and declared a price hike with effect from January 2017. All Hyundai models are expected to cost up to Rs 1 lakh more.

Commenting on the price hike, Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “In these challenging year-end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses.”

Hyundai currently has 10 models on sale in India and the increase in price will be levied on all models starting from the entry-level Eon to its flagship SUV SantaFe. While the price hike will only come into effect in January, this month, Hyundai is offering attractive discounts on some of its models. The Eon and the i10 are being offered at the 5-year-old price while the Grand i10 is being offered at its 2013 launch price. The Korean car maker is also offering benefits of up to Rs 35,000 on the Elite i20 and Rs 52,000 on the Xcent. The C-segment Verna is being offered at a hefty discount of Rs 1 lakh while buyers interested in the SantaFe can avail a discount of up to Rs 2 lakh. These offers are valid until December 25. So if you are planning to buy one of the Hyundai cars, it’s the time to make a trip to the dealership before the price hike is levied.

Also Read: Tata and Nissan to hike prices from January 2017