Hyundai Announces Price Hike
Hyundai Motors has made a decision to hike the prices of its cars. Currently, Hyundai sells cars ranging from INR 5.84 lakhs to INR 45.95 lakhs in the Indian market. The company boasts of spectacular vehicles like Grand i10, Venue, and Creta. With the rising inflation over time, companies decide to increase the prices of their cars, and Hyundai has decided to do the same. The new prices are expected to be implemented from the new year.
Reasons Behind the Price Increase
No information is available on how much the car prices will increase. However, with the rise in inflation and production costs, Hyundai is increasing the price of its cars. In India, Hyundai sells hatchbacks, sedans, and SUVs. The increased price is expected to apply to all segments.
Predicted Price Hike Across Vehicle Manufacturers
All cars will become expensive. It is not clear how much the prices will increase, but it is estimated to be between 1% to 1.5%. Not just Hyundai, companies like Maruti Suzuki, Tata Motors, Mahindra, Honda have also decided to increase their prices. Their new prices will also become effective from January 1. Although there is no official announcement for January 1, this date might change.
End of Year Offers
Car companies often bring out attractive offers to quickly sell unsold cars. Maruti Suzuki has announced attractive discounts on several cars on its Nexa model. Mahindra and Hyundai have also announced end-of-year offers. These offers are valid before the new prices come into effect, giving buyers a chance to purchase new cars at the lowest prices. These offers are only available on cars that are ready for delivery within one to two weeks. More information about the offer can be obtained from the company’s official website or the nearest outlet. Before buying a car, ensure to gather all information about it.
- Hyundai Motors has decided to increase its car prices, to be implemented from the new year.
- The price hike is due to rising inflation and production costs.
- Other car manufacturers like Maruti Suzuki, Tata Motors, Mahindra, Honda are also set to increase their prices from January 1.
- End-of-year offers are available for cars ready for delivery within one to two weeks.
