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Hyundai Cars to be Costlier from August 1, 2015

Hyundai Cars to be Costlier from August 1, 2015

Snapshot: The price increase would be up to Rs.30,000 across models and would come into effect from August 01, 2015.

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Hyundai India has announced a hike in prices of all its models in the country. However, the newly launched Creta SUV wouldn't bear the brunt of this price rise. The price increase would be up to Rs.30,000 across models and would come into effect from August 01, 2015. Just so you know, Hyundai Creta has received overwhelming reception from buyers all across the nation as it had registered over 15,000 bookings even prior to its launch.

Commenting on the price increase Mr. Rakesh Srivastava, Sr. Vice President – sales and marketing, Hyundai Motor India Ltd., said, “The price increase has been necessitated by increase of input costs. We have been absorbing most of the costs but now we are constrained to consider the price increase in these challenging market environment.” On the sidelines of Creta launch, the company also confirmed that it would foary into MPV segment by launching an all-new product in 2016 in India. It is being learnt that the new Hyundai MPV would be based on Hexa space concept and bear resemblance to Grand i10 hatch.

Rakesh Srivastava also revealed that Hyundai Creta has received over 18,000 bookings, and the diesel automatic variant accounts for 20 percent of these bookings. Besides Hyundai, Volkswagen is also increasing the price of its Polo hatchback by upto 2 percent, depending upon the variant. The price rise would be effective from August 01, 2015 in the country. However, as learnt through sources, the price of base variants of Polo in both petrol and diesel guise would remain the same. For those asking, the entry-level variants account for 10 percent of total sales of Polo in the country.

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