After Infrastructure Cess announcement in Union Budget 2016 – 17, HMIL announces price increase on the entire range from Rs.2,889 to Rs.82,906
Hyundai Creta has been the most popular car from the South Korean automobile giant in India in recent times. Hyundai Creta managed to stay popular since its launch on 21st July 2015. Wearing a price tag between Rs. 8,87,337 and Rs. 13,95,647 this car has been able to stay popular. Now in the wake of new infrastructure cess proposed by Finance Minister Arun Jaitley in the Union Budget 2016-2017 Hyundai has decided to increase the price of Creta by Rs. 27,192.
Offered in 10 variants consisting three petrol and seven diesel trims, the car will now adorn an extra price ranging between Rs. 27,192 to around Rs. 65,000 from base variants top to the top variants. The new price is in effect from 1st March, 2016.
The price hike continues to the entire Hyundai India car range. The entry level hatchback in the Hyundai India lineup, Eon got pricier by Rs. 2,889. The popular i10 on the other hand is slapped by a hike of Rs. 3,848. The Grand i10 price will be higher by Rs. 4,286. Hyundai Xcent is slapped with a hike of Rs. 4,726. Hyundai Elite i20 is a very popular sporty looking premium hatchback which will also get pricier by Rs. 4,886.
|Price Ex- showroom, New Delhi|
|Car||Base Price Hike (Rs.)|
Hyundai i20 Active gets pricier by Rs. 5,857 with an 8.8 per cent increase. Hyundai Verna price is increased by Rs. 5,677, while the Hyundai Elantra gets a hike by whooping Rs. 45,044. The Santa Fe is the range topping car in Hyundai’s India lineup. It gets slapped by a hike of Rs. 82,906.
Mr. Rakesh Srivastava, Senior Vice President, Sales and Marketing thinks, the price hike due to the extra cess getting imposed on the industry might alter the overall demand for cars.