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Hyundai To Hike Prices Of Grand i10, Elite i20, Verna & More; Creta 2018 Spared

By : Agencies | Updated at : 22 May 2018 04:30 PM (IST)

Hyundai To Hike Prices

Hyundai will increase prices across its lineup by up to 2 per cent from June 2018

Hyundai has announced that it will increase prices across its lineup by up to 2 per cent, effective from June 2018. The automaker has cited the increase in input cost, commodity prices along with freight and fuel prices as the reason behind this increase. However, the prices of the newly launched Hyundai Creta facelift will remain unchanged. In fact, Hyundai has reduced the prices of several variants of the Creta with the facelift as compared to the outgoing model. Check out the launch story for detailed info.

Here’s the South Korean automaker’s official press release:

Hyundai Announces Price Increase Up to 2%

New Delhi, May 22, 2018: Hyundai Motor India Ltd. (HMIL), the country’s second largest car manufacturer and the number one car exporter since inception today announced a price increase up to 2%. The revised prices will be implemented from June 2018.

Commenting on the Price increase, Mr. Rakesh Srivastava, Director - Sales & Marketing, HMIL said, “We have been absorbing the increase in input costs with increase in commodity prices, freight increase with hike in fuel prices and also the increase in custom duties of certain components. We are now constrained to pass the same to customers in our products with increase up to 2% from June 2018.”

The increased prices will be applicable for all Hyundai cars except the newly launched The New 2018 CRETA.