Hyundai cars to get pricier from Jan 2024

Hyundai Motor India Limited has announced to increase prices of its models w.e.f. January 1, 2024. The company announced the price increase owing to rising input cost, adverse exchange rate and increase in commodity prices, amongst other reasons.

Commenting on the price hike, Mr. Tarun Garg, COO, Hyundai Motor India, said, “At Hyundai Motor India, we always try to absorb the cost escalations to the extent possible and ensure continuous customer delight. However, it has now become imperative to pass on some portion of the rising input cost to the market through a minor price increase. The price hike will be effective from January 1st, 2024.”

Talking of the new prices, the company is expected to raise the prices of its products, namely Creta, Venue, Verna, Tucson, Alcazar, Exter, Grand i10 Nios, and i20, by nearly 2-3 per cent only.

Currenlty, the Venue is priced from Rs 7.89 lakh onwards. With price hike coming in to effect, it could possibly start from Rs 8.10 lakh, ex-showroom. Similarly, prices of other models will be hiked.

Also, the brand’s CSR arm of Hyundai Motor India Ltd.,today announced a relief support amounting to INR 3 crores to support communities affected by Michaung cyclone in Tamil Nadu.

The Company’s onsite teams are working along with state government authorities to deliver emergency relief, including food, water, shelter, medical assistance and other essential commodities to affected communities.