Hyundai Hikes Prices, Effective From Feb

Published: Thursday, January 17, 2013, 10:48 [IST]

Hyundai Motor India has announced revised car prices effective from 1st February after market leader Maruti Suzuki increased prices. Hyundai cars will now be more expensive by up to Rs.20,000 from next month.

Hyundai Motor India Ltd (HMIL) Vice President, Sales and Marketing Rakesh Srivastava in a statement has said: " On account of rise in input cost and fluctuation in currency, we will increase the prices up to Rs.20,000 by February 1, 2013 across all the models starting from Eon to Santa Fe SUV."

Hyundai has a wide range of models ranging from the entry level Eon small car to the Santa Fe premium SUV. All Hyundai cars except the Sonata are built in India. The Eon has a starting price of INR 2.77 lakhs while the Santa Fe is priced from INR22.61 lakhs.

All major carmakers had earlier stated that they would be increasing car prices from January 2013. However the price hikes are being introduced in a staggered manner with each company setting their own dates for new prices.

Maruti Suzuki had earlier reported a price hike of up to Rs.23,000 effective from 16th January. The Maruti 800 is now more expensive by Rs.2,500, the Swift by Rs.5,000 and the Swift DZire costs Rs.10,000 higher. The hot selling Ertiga MPV is now dearer by Rs.7,800. The highest price hike in Maruti Suzuki's stables came to the Eeco multipurpose van which saw a steep hike of RS.23,000.