Indian car market is going through a real bad phase. With sales down to low levels, manufacturers are reeling under a lot of pressure.
On the other hand, rupee depreciation is leading almost all manufacturers to consider a price hike on their cars further dampening the atmosphere. After Toyota, Hyundai has officially announced that they will be hiking prices of their cars from 1st October.
The quantum of hike is from Rs 4000 to Rs 20,000. And this applies to all their models right from the cheapest Eon to the costliest Santa Fe and Sonata. However, their latest launch Grand i10 is exempted from this hike and continues to be offered at its original launch price.
Mr Rakesh Srivastava, Sr. Vice President, Sales & Marketing of Hyundai India blamed the rupee depreciation and inflationary trends for the rising input costs which have resulted in the company to increase prices. Hikes on respective models have not been shared by Hyundai.
So, if you want to get a Hyundai at current prices, you only have 10 odd days at spare and you can also enjoy really good savings and discounts on almost all their cars.