After Maruti Tata, Hyundai Will Also Increase The Prices Of Cars
After Maruti Tata, Hyundai Will Also Increase The Prices Of Cars: Automotive manufacturer Hyundai has decided to increase the prices of cars due to increase in input costs. The increased new prices of all the cars of Hyundai company will be implemented for the car buyers on the official website of Hyundai from January 1, 2024.
The prices of Hyundai company's cars will be increased according to different models.
Along with the increase in the prices of cars of Maruti Suzuki and Tata Motors due to increase in input cost, Hyundai Motor India Limited has also decided to increase the prices of all the cars included in its lineup from January 1, 2024. Both the major automakers of the Indian car market have decided to increase the prices of the cars. Due to the rising inflation, active increase in the prices of all commodities along with increasing input costs, An important decision has been taken by both automakers to increased the prices of the cars.
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An important decision has been taken to implement the increased prices of all the vehicles included in the lineup of Hyundai Motor India Limited from January 1, 2024. On the other hand, automaker companies have not officially disclosed the scale of increasing car prices in India. Due to which, Hyundai Motor India Limited has decided to increase the prices of cars according to the different variants of all the models of cars included in its lineup.
Lineup of all Indian cars of Hyundai Motor India Limited –
| Hyundai Car Model | Price (In Lakh Rupees) |
| Grand i10 NIOS | ₹5.84-8.51 |
| Exter | ₹6-10.15 |
| Aura | ₹6.44-9 |
| i20 | ₹6.99-11.16 |
| i20 N Line | ₹9.99-12.47 |
| Venue | ₹7.89-13.48 |
| Creta | ₹10.87-19.20 |
| Verna | ₹10.96-17.38 |
| Venue N Line | ₹12.08-13.90 |
| Alcazar | ₹16.77-21.23 |
| Tucson | ₹29.02-35.94 |
| Kona EV | ₹23.84-24.03 |
| IONIQ 5 | ₹45.95 |
Hyundai Motor India Limited increased the prices of cars due to increase in input cost-
According to Tarun Garg, Chief Operating Officer (COO), Hyundai Motor India Limited (HMIL), ‘Hyundai Motor India Limited has always tried to bear as much of the car making cost as possible. So that the customers buying the car do not feel any kind of burden, but due to the increasing input cost of the global car market, increasing the price has been a completely justified decision.
It has been decided to increase the prices of all the models of the Grand i10 Nios as well as the electric SUV IONQ5 car included in the lineup of Hyundai Motor India Limited Company from January 1, 2024 due to input cost. Hyundai Motor India Limited has taken an important decision to increase the prices of the cars included in its Indian lineup from Rs 5.84 lakh to Rs 45.95 lakh.
Hyundai Motor India Limited Sold 65,801 Cars of its Indian lineup in the Month of November –
In terms of car sales, Hyundai Motor India Limited has recorded a growth rate of three percent in the Indian car market on an annual basis in the month of November. Hyundai Motor India Limited sold a record breaking 65,801 cars during the festival season in the month of November. Whereas during the festival season in the month of November 2022, sales of 64,003 units of the Indian lineup of cars were recorded. Sales of Indian lineup cars of SUV segment have contributed significantly to the total sales of Hyundai Motor India Limited Company by 60 percent.
Sales Report of Indian lineup Cars of Hyundai Motor India Limited –
| Sales | November-2022 | November-2023 |
| Domestic | 48,002 | 49,451 |
| Export | 16,001 | 16,350 |
| Total | 64,003 | 65,801 |
Many Indian Automaker Companies Will Increase Car Prices In The Month of January –
In the last month of every year, almost all the automaker companies of the Indian car market are still following the tradition of increasing the prices of cars from the beginning of the new year. Due to which, before Hyundai Motor India Limited, Maruti Suzuki, Tata Motors, Audi India, Mahindra Motors, Honda as well as MG Motor India have also issued a notification to increase the prices of all the cars included in their Indian lineup from January 1, 2024.
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