» Business » Hyundai hikes prices; cheapest Eon to cost over Rs 3 lakh

Hyundai hikes prices; cheapest Eon to cost over Rs 3 lakh

January 06, 2015 19:31 IST

Hyundai Motor India on Tuesday increased vehicle prices by up to Rs 127,000 to partially offset the impact of high input costs and expiry of reduced excise duty concessions.

“In these adverse market conditions, the price increase is necessitated on account of the higher excise duty and increased input cost," Hyundai Motor India Ltd (HMIL) sr vice president, (sales and marketing), Rakesh Srivastava said in a statement.

The company has increased the prices across all models starting from Eon to Santa Fe in the range of Rs 15,000 to Rs 127,000 effective from January 1, 2015, he added.

Meanwhile, homegrown auto major Tata Motors said it would also be increasing prices of its products.

"We will pass on the increase in excise, and there would be a related price impact to the extent of the excise increase," a company spokesperson said.

GM India has also increased prices of its vehicles by up to Rs 61,000 across various models. On Monday, Honda Cars India announced a price hike of upto Rs 60,000 across its product range.

The price hike follows the government not extending excise duty concessions given to the auto industry after the expiry on December 31, 2014.

Hyundai hikes prices of all cars
  Car Old price
(Ex-showroom Delhi)
Hike New Price
(Ex-showroom Delhi)
  Eon Between Rs 288,000 and Rs 403,000 Rs 15,417 Between Rs 303,417 and Rs 418,417
  i10 Between Rs 399,000 and Rs 477,000 Rs 21,501 Between Rs 420,501 and Rs 498,501
  Grand i10 Between Rs 441,000 and Rs 643,000 Rs 22,508 Between Rs 463,508 and Rs 665,508
  Xcent Between Rs 473,000 and Rs 747,000 Rs 25,597 Between Rs 498,597 and Rs 772,597
  Elite i20 Between Rs 499,000 and Rs 766,000 Rs 29,814 Between Rs 528,814 and Rs 795,814
  Verna Between Rs 739,000 and Rs 11.72 lakh Rs 23,965 Between Rs 762,965 and Rs 11.96 lakh
  Elantra Between Rs 12.92 and Rs 16.24 lakh
Rs 36,912 Between Rs 13.29 lakh and Rs 16.61 lakh
  Petrol Sonata Between Rs 18.74 lakh and Rs 20.78 lakh Rs 45,396 Between Rs 19.19 lakh and Rs 21.23 lakh
  Santa FE
Between Rs 25.60 lakh and Rs 28.41 lakh Rs 1.27 lakh Between Rs 26.87 lakh and Rs 29.68 lakh