Hyundai is all set to hike the price of it cars in India by up to 2% from June 2018. The South Korean auto manufacturer attributes the price hike to the increased freight rates and higher CKD duties. This will mark the second price revision of the Hyundai cars in 2018. Meanwhile, the newly launched Hyundai Creta facelift pricing will remain same.
The brand is hopeful that this price hike won’t affect the sales of the cars in the country as the increased amount will be minimal. As the automaker says, it has been absorbing the increase in input costs as the commodity prices, freight rate have been increased with the hike in fuel prices and custom duties. Speaking about the refreshed Hyundai Creta, it probably comes incorporating the revised pricing which will leave it out of the upcoming price hike.
Previously, in January this year, Hyundai increased the pricing of its cars when several other auto manufacturers in the country hiked pricing of their cars citing the increased production cost. After the Hyundai, several other car brands too are expected to hike the pricing of their offerings in the Indian market.
Hyundai has just launched the Creta facelift in the domestic market with significant exterior and interior updates. The SUV comes with price range of Rs 10.56 lakh and Rs 17.88 lakh (On-road, New Delhi). While the styling and features have been revised, the SUV comes with the same engine lineup as the pre-facelift version.