Hyundai Motors is all set for its first round of price hikes in the new year, slated to start in January, to counterbalance the rising input and manufacturing costs. The exact quantum of price increment is yet to be announced.
Commenting on this move, Tarun Garg, the COO of Hyundai Motors, 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 1st, 2024.”
Also Read: 2024 Hyundai Tucson Facelift Revealed; India Launch Next Year
Currently, Hyundai has as many as 13 models in its Indian portfolio, including two electric offerings. These include Grand i10 Nios, Aura, i20, i20 N Line, Exter, Venue, Venue N Line, Creta, Verna, Alcazar, Tucson, Kona Electric and IONIQ 5. Here’s a look at their current price range: –
| Model | Price Range |
| Grand i10 Nios | Rs 5.84 – 8.51 lakh |
| Aura | Rs 6.44 – 9 lakh |
| i20 | Rs 6.99 – 11.16 lakh |
| i20 N Line | Rs 10.19 – 12.31 lakh |
| Exter | Rs 6 – 10.15 lakh |
| Venue | Rs 7.89 – 13.48 lakh |
| Venue N Line | Rs 12.08 – 13.90 lakh |
| Creta | Rs 10.87 – 19.20 lakh |
| Alcazar | Rs 16.77 – 21.23 lakh |
| Verna | Rs 10.96 – 17.38 lakh |
| Tucson | Rs 29.02 – 35.94 lakh |
| Kona Electric | Rs 23.84 – 24.03 lakh |
| IONIQ 5 | Rs 45.95 lakh |
In other news, Hyundai is gearing up to launch the facelifted Creta in early 2024. It is expected to undergo significant design changes and new features. The carmaker has also recently announced that its Exter has crossed the milestone of over 1 lakh bookings since its arrival in July this year. This tremendous success has resulted in a waiting period of up to 4 months on this compact SUV in most metro cities.
