New Delhi: The country’s second largest car maker, Hyundai Motor India has hiked the prices of its popular hatchbacks Santro, i10 and sedan Accent across all variants by up to Rs14,636 with immediate effect to offset rise in input cost.
“The price hike is primarily due to rise in input cost. The price hike ranges from 1.2% to 3%,” the company said in a statement.
The company’s flagship hatchback Santro will be costlier by Rs3,601 to Rs5,163 after the hike, it said.
Its premium compact car i10 will now be dearer by Rs3,974 to Rs7,637, while its sedan entry level Accent will cost Rs14,636 more.
The company, however, did not tinker the Price of its newly introduced top-end sedan Sonata, while mid-sized sedan Verna was launched earlier this week with a new sports variant and at a revised price tag ranging between Rs6.37 lakh and Rs8.65 lakh.
Last December HMIL had reduced the prices after the government’s announcement of a 4% reduction in Cenvat.