Hyundai Cars To Get A Price Hike

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hyundai to get a price hike

Hyundai cars to get a price hike coming next year (month rather). The South Korean carmaker cites the reason for the hike as increasing raw material and input costs for building new cars. The new price hike for Hyundai cars will be effective in January 2020.

The exact per cent of the hike has not been revealed, however, expect the cars to be more expensive by 2 per cent at least and the hike will vary depending upon the model. All models will witness a hike in price.

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In recent news, Hyundai is preparing to launch the facelifted model of the Hyundai Xcent, which will be called the Hyundai Aura. The car will be unveiled on December 19, the same day Tata wants to unveil the Nexon EV.

The Hyundai AUra is expected to carry three engine options, naturally-aspirated petrol, turbocharged petrol, and a diesel mill. All three engines will be BS-VI compliant. Also, the upcoming Hyundai Aura is expected to share a lot of components with the Grand i10 NIOS, while the older Xcent will continue to be on sale for fleet operators.

When launched, the Hyundai Aura will compete against the Maruti Suzuki Dzire, Ford Aspire, and the Honda Amaze. Expect Hyundai to price the sub-4 metre sedan competitively for the Indian market.

Official Press Release:

Hyundai Motor India Limited country’s first smart mobility solutions provider today announced the price hike across models effective from January 2020. The increase has been necessitated on account of rising input and material costs.

The extent of price increase may vary for different models and fuel types.

About HMIL:

Hyundai Motor India Limited (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC). HMIL is India’s first smart mobility solutions provider and the number one car exporter since inception in India. It currently has 12 car models across segments SANTRO, GRAND i10 NIOS, ELITE i20, ACTIVE i20, XCENT, VERNA, ELANTRA, VENUE, CRETA, TUCSON, KONA Electric, India’s First Fully Electric SUV and the newly launched Grand i10 NIOS. HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of advanced production, quality and testing capabilities.

HMIL forms a critical part of HMC’s global export hub. It currently exports to around 91 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific. To support its growth and expansion plans, HMIL currently has 502 dealers and more than 1,324 service points across India. In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million-dollar R&D facility in Hyderabad. The R&D centre endeavours to be a centre of excellence in automobile engineering.

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Rajkamal Narayanan

Rajkamal Narayanan

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