Hyundai India announces price increase ranging from INR 2,889 to 82,906

Hyundai Motor India Ltd, the second largest car manufacturer in India has announced a price increase across all its models with effect from March 01, 2016 on account of the new levies announced in the Union budget. The price hike will range from INR 2,889 to 82,906 based on the segment and pricing of the respective car models. The new levies announced in the 2016 Union Budget has resulted in an increase in car prices across all the brands and variants. At Motoroids, we have done a small piece to give you a rough idea on how much extra you’ll have to pay for various cars across segments. You can read our story on the subject here 

Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “The new levies in Union Budget 2016 have led to price increase across the models ranging from Rs 2,889 to Rs. 82,906. Today’s customers are discerning on net off value offerings. The change in price value equations could alter the overall demand, from with-in the segment to across the segments and fuel types.”

Here’s the official list of the price increase across various models in the Hyundai range.