Hyundai India Hikes Prices Across Model Line

Published: Monday, April 1, 2013, 14:15 [IST]

Hyundai Motor India has hiked the prices of all existing four wheeler models offered in the country with immediate effect. The price hike corresponding each model and variant is as follows:

Eon Petrol: Rs 2,500
Santro Petrol: Rs 2,830
i10 Petrol: Rs 600-900
i20 Petrol/Diesel: Rs 575
Verna Petrol/Diesel: Rs 1,340
Elantra Petrol/Diesel: Rs 1,740
Sonata Petrol: Rs 2,813
Santa Fe Diesel: Rs 2,813

Press Release

Hyundai Motor India hikes prices

New Delhi, April 1, 2013: Hyundai Motor India Ltd. (HMIL), the country's largest passenger car exporter and second largest car manufacturer today announced the price increase on across all its models starting from Eon to Santa Fe.

Commenting on the price hike, Mr. Rakesh Srivastava, Vice President, Sales and marketing said, "The price increase was necessitated due to On Board Diagnostic Compliance Changes (OBDC). We have increased the prices in the range of Rs.575 to Rs.2,830 across all the models. We have tried to absorb the maximum cost to minimize the price increase to cause less inconvenience to our valued customers."

The price increase across all the models would come with immediate effect i.e. April 1, 2013.

About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently markets nine car models across segments - in the A2 segment it has the Eon, Santro, i10 and the i20, in the A3 segment the Accent and the Verna, in the A4 segment the Elantra, in the A5 segment Sonata and in the SUV segment the Santa Fe.
HMIL's fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities. HMIL forms a critical part of HMC's global export hub. It currently exports to around 120 countries across EU, Africa, Middle East, Latin America, Australia and the Asia Pacific. HMIL has been India's number one exporter for the past eight years consecutively. To support its growth and expansion plans, HMIL currently has 364 dealers and more than 890 service points across India. In its commitment to provide customers with cutting-edge global technology, HMIL set up a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavors to be a center of excellence in automobile engineering.

Article Published On: Monday, April 1, 2013, 14:15 [IST]

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