Hyundai Motor India has announced a price hike across its model range, impacting some of its best-selling cars, including the Grand i10 Nios, i20, Exter, Creta, Venue, Verna, and Tucson. The price increase comes as part of Hyundai’s periodic pricing revisions, influenced by factors such as rising input costs, regulatory changes, and market conditions.
If you’re planning to buy a Hyundai car, here’s everything you need to know about the latest price hike, reasons behind it, and how it may impact your purchasing decision.
Why is Hyundai Increasing Car Prices?
The price hike is not unexpected, as most car manufacturers periodically adjust pricing due to various factors. The key reasons behind Hyundai’s price hike include:
1. Rising Input Costs
- The cost of raw materials like steel, aluminum, and lithium (used in EV batteries) has been rising, affecting the overall production costs.
- Increased logistics and transportation expenses have also contributed to the price increase.
2. Compliance with Emission Norms
- Hyundai, like other automakers, has been upgrading its models to comply with the BS6 Phase 2 emission norms, which have led to additional production expenses.
- Transitioning to greener and more fuel-efficient technologies requires investment, pushing up manufacturing costs.
3. Advanced Features & Safety Upgrades
- Hyundai has been equipping its cars with better safety features, such as six airbags as standard, ADAS (Advanced Driver Assistance Systems), and improved crash protection.
- The introduction of new connected car technology, infotainment updates, and enhanced driving features has also influenced pricing.
4. Global Market Factors & Inflation
- International economic trends, including currency fluctuations, increased taxation, and inflation, have added to the cost burden.
- Hyundai imports some components, and a weaker rupee against the US dollar has made these imports costlier.
Hyundai Models Affected by the Price Hike
Here’s a breakdown of the Hyundai models that will see an increase in their prices:
1. Hyundai Grand i10 Nios
✔ Old Price: ₹5.92 lakh – ₹8.56 lakh
✔ New Price: Expected to increase by ₹10,000 – ₹15,000
✔ Impact: Budget buyers may feel a slight burden, but the i10 Nios remains one of the most affordable Hyundai cars.
2. Hyundai i20
✔ Old Price: ₹7.04 lakh – ₹11.21 lakh
✔ New Price: Expected hike of ₹15,000 – ₹25,000
✔ Impact: The premium hatchback segment sees growing competition, but the i20 continues to be a feature-rich choice.
3. Hyundai Exter
✔ Old Price: ₹6 lakh – ₹10 lakh
✔ New Price: Expected hike of ₹12,000 – ₹20,000
✔ Impact: The price bump may slightly affect budget-conscious SUV buyers, but the Exter’s appeal remains strong.
4. Hyundai Creta
✔ Old Price: ₹11 lakh – ₹20 lakh
✔ New Price: Expected hike of ₹20,000 – ₹35,000
✔ Impact: The recently updated Creta 2024 is loaded with features, making it a solid choice despite the price hike.
5. Hyundai Venue
✔ Old Price: ₹7.94 lakh – ₹13.48 lakh
✔ New Price: Expected hike of ₹15,000 – ₹25,000
✔ Impact: The Venue remains a strong competitor in the compact SUV segment, despite the price increase.
6. Hyundai Verna
✔ Old Price: ₹11 lakh – ₹17 lakh
✔ New Price: Expected hike of ₹20,000 – ₹30,000
✔ Impact: The Verna 2024 is one of the best sedans in India, and its popularity is likely to remain unaffected.
7. Hyundai Tucson
✔ Old Price: ₹29.02 lakh – ₹35.94 lakh
✔ New Price: Expected hike of ₹40,000 – ₹50,000
✔ Impact: The Tucson is a premium SUV, and its price hike aligns with its high-end positioning.
How Will This Price Hike Impact Buyers?
The price increase may affect different buyers differently, depending on their budget and preferred model.
✔ Budget Buyers: Those looking for entry-level cars like the i10 Nios or Exter might feel the pinch, but Hyundai’s competitive pricing keeps them attractive.
✔ SUV Enthusiasts: Creta and Venue buyers may have to spend more, but given the strong demand for SUVs, sales are unlikely to be impacted significantly.
✔ Premium Buyers: Those considering the Tucson or Verna might not be affected as much, as these buyers are already prepared for higher spending.
Should You Buy a Hyundai Car Before the Price Hike?
If you are planning to buy a Hyundai car, it may be a good idea to book your preferred model before the price hike takes effect. Many dealers offer pre-hike discounts to clear out stock at current prices.
Will Hyundai Offer Any Discounts Despite the Price Hike?
Hyundai occasionally introduces festive offers and dealer discounts, especially during major events like:
- Holi, Diwali, and New Year sales
- Year-end stock clearance discounts
- Exchange bonuses and corporate benefits
It’s advisable to check with your nearest Hyundai dealer to see if any discounts or benefits are available before finalizing your purchase.
Final Thoughts: Is Hyundai Still a Value-for-Money Brand?
Even with the price hike, Hyundai remains one of the most value-for-money brands in India. The company’s strong resale value, advanced technology, and extensive service network make it a trusted choice for Indian buyers.
While the price increase may cause a slight burden, Hyundai’s consistent quality, safety features, and innovation ensure that customers continue to get great value for their investment.
Will you still consider buying a Hyundai car after the price hike? Let us know in the comments below! 🚗💰
Hello, my name is Muskan Kumari and I am an experienced Digital Marketer. I have been blogging for the last 3 years and I have special interest in SEO. Here I give you easy bikes and writes easy-to-understand reviews and news about the latest bikes, helping readers choose the best options.. My aim is to always provide you with accurate, new and useful information.
