Official: Hyundai To Increase Prices From Jan 1 | V3Cars

07 December 2023
By Nikil Jonathan
0

Hyundai India recently notified us about a price hike from January 1, 2024. The reasons for the price hike quoted in the notification are the usual suspects: inflation and rising input costs. We expect it to remain fairly low and in the 1-2% range.

The statement reads:

“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 1^st, 2024.”

…

HMIL will continue to make consistent internal efforts to minimize future price impact to customers.

Also Read: Maruti Suzuki Price Increase From Jan 1, 2024

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V3Cars Insight

Hyundai are gearing up to launch the Creta facelift in January 2024. The Hyundai Creta is a hot product for the carmaker and the updated SUV is expected to receive a significant price hike, just like we saw with the Kia Seltos facelift. However, like the Seltos facelift, the Creta facelift will justify the price hike with additional features such as advanced driver assistance systems (ADAS) and 360-degree parking camera.

Also Read: MG Motor Price Increase From Jan 1, 2024

Meanwhile, the rest of Hyundai India’s lineup, including the Grand i10 Nios, Aura, Venue, Verna, Alcazar and the Tucson are expected to receive a price hike of 1-2%. Hence, we do not expect to see a huge price increase for these models in January 2024. Currently, Hyundai are offering discounts and cash benefits on certain models all throughout December 2023. You can know more about them by clicking the link below.

Up To Rs. 3.0 Lakh Off – Hyundai Cars Offers For December 2023; Verna, i20, Nios, Aura Discount Offers | V3Cars

Also Read: Jimny Gets 3 Lakh Cheaper; What It Means For Owners & Buyers — Opinion

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ABOUT THE AUTHOR

Nikil Jonathan

Nikil's a huge fan of classic cars, especially Italian beauties such as the Alfa Romeo Giulia Sprint and the Iso Grifo. His love for cars and bikes originated when he first laid his eyes on a poster of the Ferrari F40 and the MV Agusta F4 when he was just a child. He also loves all things analogue, especially vintage cameras and turntables.

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