The automobile market is flooded with the news of price hikes from various automakers and now Hyundai Motor India Limited (HMIL) has also announced that it's going to hike prices of its cars across all the segments by up to Rs 1,00,000. The new prices will be effective from January 2017. Hyundai also has given the same reason - increasing input costs - for the price hike as other automakers.
According to Mr Rakesh Srivastava, Sr. vice president, sales and marketing, Hyundai Motors, “In these challenging year end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses. The proposed price increase will be up to Rs. 1,00,000 and will be effective from January 2017 across all models from Eon to Santa Fe.”
The year 2016 has been splendid for Hyundai. The Creta turned out to be a blockbuster and Hyundai introduced two premium cars, the Elantra and Tuscon, this year as well. For customers who are deciding to buy a Hyundai car, this is the best time as the December Delight Offer is going on until December 25, 2016. However, the offer is not applicable on the i20 Active, Creta, Elantra and Tucson. Apart from these cars, customers can avail a discount of Rs 50,000 to Rs 2 lakh on other cars.