Motor India has announced a price hike across their range effective from January next year. Maximum being for the Sante Fe
, lower models like the Eon and i10 Grand will get a price hike of around 1.5 per cent. This will be in addition to the previous hike in October for the Elite i20
and the Creta
and the Grand i10
prices will be up by Rs 8,000 to Rs 15,000 while the SantaFe will attract a maximum hike of Rs 30,000. The prices have been hiked by up to 3 per cent across the range. The Elite i10 and the Creta whose prices were already hiked in October this year will be more expensive.
Commenting on the price hike, Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “In these challenging market conditions, we are constrained to consider the price increase on account of factors like increase in cost of components, weak rupee etc. The proposed price increase up to Rs 30,000 will be effective from January 2016 across all models including Elite and Creta.”
Hyundai is the second biggest car seller for the passenger car segment in India and the price hike comes as an expected exercise towards the end of the year.