Hyunai Motors announced price hike from June this year




Hyundai Motor India Ltd. (HIML) today said it will increase prices of its vehicles across model range, except newly launched SUV Creta, by up to 2% from June to offset rising input costs. Currently HTML sells a range of vehicles from entry level small car Eon at a starting price of Rs 3.3 lakh to premium SUV Tucson priced up to Rs 25.44 Lakh (ex - Showroom).

Commenting on the price hike HTML Director – Sales and Marketing said “We have been absorbing the increase in input costs with increase in commodity prices, freight increase with hike in fuel prices and also the increase in custom duties of certain components.”

He also added, “We are now constrained to pass the same to customers in our products with increase up to 2 % from June 2018.” The increase of price will not be applicable to the newly launched 2018 edition of SUV creta.