Hyundai will increase the prices for all of its models from the beginning of 2021. Check out for more details.
At the beginning of each year, it is a common practice for car manufacturers to revise their price scheme for the entire line-up. Previously, Maruti Suzuki has announced its upcoming price hike plan. Following Maruti Suzuki, Hyundai India has also released a statement, confirming that their models will receive price increments from January 1st 2021.
Hyundai will increase the prices of all its model from the beginning of January
Hyundai is currently the second largest car brand in India. The South Korean carmaker is offering 10 models in different segments. The existing line-up of Hyundai India is priced from Rs 4.63 lakh to Rs 27.03 lakh (ex-showroom). This year, Hyundai has some major launches including the new i20 and Creta, along with other mid-life facelifts for Verna and Tucson.
However, from the beginning of next year, the price hike will be applicable for the entire Hyundai range including Santro, Grand i10, Grand i10 Nios, i20, Aura, Verna, Elantra, Venue, Creta, Tucson and Kona Electric. The price increase is due to the higher cost of car components and materials.
The detailed price changes are not revealed yet. It is expected that the majority models of the line-up will receive a minor price hike. However, when it comes to best-selling models like Hyundai Creta, Venue and Grand i10 Nios, and i20 the price changes can be steep.
If you are planning to buy a car from Hyundai, this is the best time to go ahead with your plan before the new price scheme goes into effect. The entry-level model of Hyundai is the Santro which is priced from Rs 4.63 lakh. On the other hand, the flagship Hyundai Tucson costs up to Rs 27.03 lakh.
Apart from the existing models, in the following year, Hyundai is set to introduce a few new vehicles including a micro SUV and a seven-seater version of Hyundai Creta. While the former will rival against the likes of Tata HBX, Maruti Ignis and the Mahindra KUV100 NXT, the latter will compete with other rivals like Tata Gravitas, MG Hector Plus and Mahindra XUV500.