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Hyundai Motors India Limited has revised prices on a select few models in its lineup. As per the Korean manufacturer, the new prices will come into effect immediately. Some models have received an increase in prices while some others' prices have decreased.
This year, most automotive manufacturers in India have hiked the prices of their vehicles. Almost all of them have pinned the blame on an increase in prices of raw materials. However, HMIL has not stated any reason behind the price hike.
As per the revised price list, not all vehicles in Hyundai's current lineup have received a price hike. Prices of some underperforming models like the new Hyundai i20 have been slashed by up to Rs 8,100.
Prices of the more popular models like the Santro, Grand i10 Nios, Aura, and the Creta have gone up. However, the price hike on these models are not significant enough to throw off any potential buyer.
Hyundai's compact hatchbacks, the Santro and the Grand i10 Nios, receive a price hike of up to Rs 15,000 depending on the model and trim level. The more popular Hyundai Creta saw a price hike of up to Rs 16,100.
Meanwhile, Hyundai's sub 4-metre sedan, Aura, saw a price hike of up to Rs 10,760 depending on the trim level. Last month, Hyundai quietly hiked the price of its premium offering, Elantra by Rs 1,100. At this price point, Rs 1,100 will barely make a difference to prospective buyers of the Elantra.
Thoughts On Hyundai Cars Price Hike
Price hikes have become very common in the Indian automotive sector in the last few months. However, we expect manufacturers to also reduce prices in the coming months to attract more customers during the upcoming festive season.