Hyundai to hike prices from 1 August; newly launched Kona, Venue spared

Hyundai Motor India will hike prices of all car models by up to ₹9,200 from next month. However, the prices of recently-launched Kona Electric and Venue will not be impacted. The price of the company's all models will go up from 1 August, Hyundai Motor India Ltd (HMIL) said. "The new prices will be effective from August 1, 2019 across all models," Hyundai Motor India Ltd (HMIL) said in a statement.

According to the company, the hike come on account of increase in input costs due to the introduction of new enhanced safety regulations in cars by the government.

HMIL is the second largest car manufacturer in India and the number one car exporter since its inception in the country.

The company currently offers 10 models across segments, including Santro, Grand i10, Elite i20, Active i20, Xcent, Verna, Elantra, Venue, Creta and Tucson.

In other news, HMIL reported 3.2% decline in total sales at 58,807 units in June. The company sold a total of 60,722 units in the same month last year, HMIL said in a statement.

Domestic sales were at 42,007 units last month as against 45,314 units in June 2018, down 7.3%, it added. Exports, however, grew 9% to 16,800 units last month as compared to 15,408 units in the year-ago period, it added.

So, in case you are planning to buy a Hyundai car, now is the best time to buy one. As with effect from 1 August 2019, the company is hiking price across its passenger vehicle model range.