Hyundai Cars To Get Costlier From January 2024 - Read Details

Hyundai Motor India Limited (HMIL) has revealed plans to implement a price increase across its entire lineup starting from January 1, 2024. The decision to raise prices is in response to escalating input costs and other factors influencing commodity prices. However, specific details regarding the percentage or amount of the hike have not been disclosed by the brand. Explore further information about Hyundai's forthcoming price adjustment below.

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Hyundai Upcoming Price Hike

Hyundai has joined the list of other manufacturers set to raise prices across its lineup starting January 2024. The stated price hike is attributed to escalating input costs, unfavorable exchange rates, and the overall increase in commodity prices, among other factors.

Commenting on the price hike, Mr. Tarun Garg, COO, Hyundai Motor India, said, "At Hyundai Motor India, we always try to absorb the cost escalations to the extent possible and ensure continuous customer delight. However, it has now become imperative to pass on some portion of the rising input cost to the market through a minor price increase. The price hike will be effective from January 1^st, 2024."

HMIL has also ensured its commitment to consistently undertake internal efforts aimed at minimize any potential future price impact on customers.

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HMIL offers a diverse model lineup comprising 13 cars spanning various segments, including Grand i10 NIOS, i20, i20 N-Line, AURA, EXTER, VENUE, VENUE N-Line, VERNA, CRETA, ALCAZAR, TUCSON, KONA Electric, and the all-electric SUV IONIQ 5.

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