Hyundai Motor India Limited has announced to increase prices of its models from January 1, 2024. The company said that the increase in price is due to rising input cost, adverse exchange rate and increase in commodity prices.
Commenting on the price hike, Mr. Tarun Garg, COO, Hyundai Motor India, said, “At Hyundai Motor India, we always try to absorb the cost escalations to the extent possible and ensure continuous customer delight. However, it has now become imperative to pass on some portion of the rising input cost to the market through a minor price increase. The price hike will be effective from January 1st, 2024.”
Hyundai is currently selling the i20, Grand i10 Nios, Xcent, Exter and the Venue in the sub-4 meter category. The company is also readying the heavily revised Creta SUV, which is expected to be launched in our market in the first quarter of 2024. Adding to it, the updated versions of the Tucson & the Alcazar will be launched in our market next year.
The new Hyundai Creta facelift will receive a significantly revised styling and an all-new interior along with ADAS tech and a new turbo petrol engine. The SUV will receive a 1.5-litre turbo petrol engine with manual and automatic gearbox options. The newly launched Exter micro SUV has received over 1 lakh bookings since its arrival in earlier this year.
