Hyundai Motor India to hike prices by up to Rs 9,200 from August
Hyundai Motor India Ltd (HMIL) on Tuesday said it will hike its vehicle prices by up to Rs 9,200 from August 1 to offset increased input costs.
The new prices will be effective from August 1, across all models, HMIL said in a statement. The input (raw material) costs have gone up due to new enhanced safety regulations in cars by the government, it said.
The South Korean car maker’s India product portfolio comprises 10 car models across segments, including Santro, Grand i10, Xcent, Verna, Creta and Tucson, among others.
Recently, HMIL also hiked the prices of its flagship hatchback Santro by almost Rs 25,000. It is to be noted that the automaker has discontinued the D-Lite and Era variants of Santro. While the entry-level Santro D-Lite was priced at Rs 3.90 lakh (ex-showroom, Delhi), the next-in-line Santro Era was available for Rs 4.25 lakh (ex-showroom, Delhi).
This means the Santro now has Era Executive as the lowest trim, with the price starting at Rs 4.15 lakh (ex-showroom, Delhi). However, the prices on the mid and higher spec terims remain unchanged.
On the inside, Hyundai Santro features including body-coloured bumpers, dual tone beige and black interior, 6.35 cm advanced multi-information display, power steering, manual AC, front power windows, driver-side airbag, ABS with EBD and child safety door locks.
(With inputs from PTI)