Hyundai Motor India Ltd., the country's second largest car manufacturer, announced a price hike across its models, and will come in effect immediately. The price hike comes as a consequence of increased excise duty and input cost, a measure that several other manufacturers in the country have also resorted to, including Honda.
Starting from Eon to Santa Fe, the company has increased the prices of all its models in the range of Rs 15,000 - Rs 1.27 lakh.
Commenting on the price hike, Mr Rakesh Srivastava, Sr Vice President, Sales and Marketing said, "In these adverse market conditions, the price increase is necessitated on account of the higher excise duty and increased input cost. We have increased the prices across all models starting from Eon to Santa Fe in the range of ₹ 15, 000 - 1, 27,000 effective from January 01, 2015."
Price Hike Summary
Hyundai Eon Petrol - Rs 15,417
Hyundai i10 - Rs 21,501
Hyundai Garnd i10 (Petrol) - Rs 21,310
Hyundai Grand i10 (Diesel) - Rs 22,508
Hyundai Xcent (Petrol)- Rs 25,231
Hyundai Xcent (Diesel) - Rs 25,597
Hyundai i20 (Petrol) - Rs 27,518
Hyundai i20 (Diesel) - Rs 29,814
Hyundai Verna (Petrol) - Rs 21,060
Hyundai Verna (Diesel) - Rs 23,965
Hyundai Elantra (Petrol) - Rs 34,106
Hyundai Verna (Diesel) - Rs 36,912
Hyundai Sonata (Petrol) - Rs 45,396
Hyundai Santa Fe (Diesel) - Rs 127,899