Hyundai announces price increase across all models

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Hyundai

Hyundai Motor India Ltd. (HMIL), the country’s largest passenger car exporter and second largest car manufacturer announced the price increase across all its models with effect from March 01, 2016 on account of the new levies announced in the Union budget.
Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “The new levies in Union Budget 2016 have led to price increase across the models ranging from Rs 2,889 to Rs. 82,906. Today’s customers are discerning on net off value offerings. The change in price value equations could alter the overall demand, from with-in the segment to across the segments and fuel types.�
Price hikes across different Hyundai models 
Car Base Price Hike (Rs)
 Eon 2,889
 i10 3,848
 Grandi10 4,286
 Xcent 4,726
 Elite i20 4,886
 i20 Active 5,857
 Verna 5,677
 Creta 27,192
 Elantra 45,044
 Santa Fe 82,906




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