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Price Increase: Hyundai’s Budget Vehicle Now Costs Over Rs. 6.6 Million

For the second time in a week, Hyundai Nishat Motors Private Limited (HNMPL) has raised the cost of its vehicles. The most affordable vehicle in Hyundai’s inventory now costs close to Rs. 6.6 million after a price increase of up to Rs. 750,000.

Prices for Hyundai vehicles as of March 17 are as follows:

Models Old Price (Rs.) New Price (Rs.) Increase (Rs.)
Tucson GLS Sport FWD 8,030,000 8,230,000 200,000
Tucson Ultimate AWD 8,659,000 8,859,000 200,000
Elantra GL 1.6 6,199,000 6,599,000 400,000
Elantra GLS 2.0 6,730,000 7,130,000 400,000
Sonata 2.0 9,679,000 10,329,000 650,000
Sonata 2.5 10,530,000 11,280,000 750,000

After a 7% increase in General Sales Tax (GST) for crossovers and vehicles with 1400CC engines or larger, Hyundai announced its most recent pricing increase on March 13. The corporation gave no explanation for the most recent price increase, which was sudden.

Hyundai appears to be maintaining its position in terms of auto sales despite the price increases. Hyundai Nishat Motors Private Limited (HNMPL) sold 1,271 cars in February, an admirable growth of 11% month over month. Tucson continued to be the company’s top choice.

But, the most recent price increase can have a significant impact.

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