Hyundai is set to increase prices of its vehicles across all themodels, except newly-launched SUV Creta, by up to 2 percent, according to media reports.The new prices will come into effect from June itself. The company said that the decision was taken to offset rising input costs.
Currently, Hyundai sells a range of vehicles from low-end Eon for Rs 3.3 lakh to premium SUV Tucson priced up to Rs 25.44 lakh (ex-showroom Delhi).”We have been absorbing the increase in input costs with an increase in commodity prices, freight increase with a hike in fuel prices and also the increase in customs duties of certain components,” HMIL Director – Sales & Marketing Rakesh Srivastava was quoted as saying.
“We are now constrained to pass the same to customers in our products with an increase up to 2 percent from June 2018,” he added further.However, the company has not hike the price of SUV Creta 2018 edition. The vehicle was launched recently and is priced between Rs 9.44 lakh and Rs 15.03 lakh (ex-showroom Delhi).