Except for the very recently launched Hyundai Creta compact crossover, every Hyundai car will be made dearer from 1st of August, 2015.
compact crossover, every Hyundai car will be made dearer from 1st of August, 2015. This Hyundai price hike goes all the way up to Rs. 30,000, in the ex-showroom prices of each variant.
Following the price hike by several OEMs when the calendar turned leaf, this revision is also necessitated by rising input costs.
Inspite of HMIL chopping a good number of features off the Elite i20 recently, and pretty silently, it seems the Honda Jazzcompetitor will also get new and higher price tags. When the features were skimmed, price of Hyundai i20 was not brought down. The new price of Elite i20 should include the touchscreen equipped infotainment system, in top end variants.
Rakesh Srivastava, Senior Vice President (Sales and Marketing), Hyundai Motor India, said that the company has been absorbing the rise in input costs for quite some time, but the challenging market conditions have forced the company to pass on the extra costs to the customers now.
Hyundai price hike will affect every model in the showroom (except Creta), from Eon A-segment hatchback to Santa Fe D-segment SUV. The current price range of Hyundai cars in India is from Rs. 3.08 lakhs to Rs. 30.21 lakhs (ex-showroom Delhi). Degree of price increase of each model is expected to be formally announced by Hyundai Motor India Limited on the same day the hike will be effected, August 1, 2015.
Hyundai Creta was launched on 21st July, 2015 at a price range of Rs. 8.59 lakhs to Rs. 13.60 lakhs (ex-showroom Delhi).
Hyundai is the second largest carmaker in India after Maruti Suzuki, with 17 percent market share which is less than half of the latter’s. The South Korean brand has been ahead of the Japanese in introducing and breaking success in premium hatchback and compact crossover segments, with Elite i20 and Creta respectively. Next year, Hyundai is believed to be launching an MPV which will rival Maruti Ertigaand Honda Mobilio.
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