Following the footsteps of other car makers like Maruti Suzuki and Mahindra and Mahindra, South Korean auto major Hyundai has hiked the prices of all its models in India. The increase in price comes in the wake of the revision of the infrastructure cess announced by Finance Minister Arun Jaitley in his budget proposal.
The hike also affects the prices of the company's popular model Creta. The Creta, which has been earning overwhelming response in the domestic market since its entry into the market, now gets pricier by Rs 27,192 up to about Rs 65,000. Offered in both petrol and diesel engine options, the Creta's 1.6-litre VTVT petrol engine can churn out 121bhp and 151Nm of torque. The 1.6 litre CRDI diesel engine is tuned to pump out 126bhp of power and 260Nm of torque. The entire engine is mated to a six-speed manual transmission, while the 1.6-litre CRDi is also available with six-speed automatic transmission.
In Budget 2016, the government has proposed to levy Infrastructure tax on all four-wheelers. Jaitley has proposed to levy 1 percent additional infrastructure tax on small petrol and CNG cars and 2.5 percent on diesel cars. The government also proposed 4 percent infrastructure cess on SUVs and other luxury cars.
With the latest price hike, Hyundai's small car Eon costs an extra Rs 2,889, while the Grand i10 and popular i10 gets a hike of Rs 4,286 and Rs 3,848, respectively. Hyundai Xcent's price has been increased by Rs 4,726 and Hyundai i20 Active has become pricier by Rs. 5,857. The car maker's another popular model Elite i20 is now pricier by Rs 4,886. Hyundai Verna 4S now costs an additional Rs 5,677, while Hyundai Elantra gets an increase of 45,044. The range topping car of Hyundai, the Santa Fe, gets a price hike of Rs 82,906.
Hyundai revised price list (Ex showroom Delhi)
|Models||Increase in Price (Rs)|
|Hyundai Elite i20||4,886|
|Hyundai i20 Active||5,857|
|Hyundai Verna 4S||5,677|
|Hyundai Sante Fe||82,906|