With Creta the Korean manufacturer took a different approach as the price of the facelifted SUV is not introductory and won’t increase after few months
Hyundai India announced that the company is going to increase price across the portfolio by 2 percent. The price hike will be effective from next month onwards. Recently government increased import tax on some CKD components like engine and gearbox parts which increased the production cost along with rising fuel prices is also a concern for the manufacturers.
Rakesh Srivastava, direction-sales and marketing, Hyundai Motor India Ltd said that the company has been absorbing rising input costs with increase in commodity prices, freight rate increase with hike in fuel prices and also the increase in custom duties of certain components. Now the company is constrained to pass these to customers.
Also Read : 2018 Hyundai Creta Facelift Launched In India
This is not the first Hyundai increased prices this year as the company hiked price by 2 percent across the portfolio in January. But the price hike didn’t include newly launched Hyundai Creta facelift. Usually Hyundai reveal introductory prices during launch and later they increase the prices but with Creta the Korean manufacturer took a different approach as the price of Creta is not introductory and won’t increase after few months.
Hyundai is very busy in the recent times with new launches as the company had already launched i20 Active earlier this month followed up with Creta and soon they will introduce Elite i20 CVT variant in India. The Korean manufacturer had already started shipping i20 Cross, Creta facelift and i20 CVT to its dealerships across the country.
Also Read : Hyundai Elite i20 CVT Spotted At Dealership, Priced At Rs. 7.04 Lakh
The Creta is a significant model for the company as it is the best selling premium compact SUV in India. Hyundai given Creta its new signature grille along with minor updates for head lamps and bumper along with the introduction of newer colour gives a fresh appeal for the Creta. The mid-life facelift will keep the number going until the new generation model arrives in couple of years time.
Hyundai Creta is powered by same diesel and petrol engines from earlier model but the 1.4 L entry diesel won’t be available this time. Instead the company is offering only 1.4 L petrol along with 1.6 L diesel and petrol engines. These engines are mated to manual and automatic transmission. Hyundai Creta is priced at Rs. 9.44 lakh (Ex-Showroom).