If you are planning to buy any Hyundai cars then now is the perfect timing because come Aug 1, all the vehicles will receive a price hike.
Starting off August 2019, Hyundai Motor India Limited (HMIL) will hike the price of Santro, Tucson, Creta and all the cars present in the company’s portfolio. Interestingly, the newly launched Hyundai Venue and Kona EV do not get any price hike.
The decision to hike the price of each and every model comes in support of the upcoming safety norms. An increase of up to Rs 9,200 will be seen from Aug 1, 2019. India currently follows Bharat New Vehicles Safety Assessment Program (BNSVAP). All the new models will have to get a green signal for the side-impact and the full-frontal collision test.
Also, the addition of dual front airbags, Anti-lock braking system with Electronic brake force distribution, seat belt reminders, high-speed alert system and rear parking sensors will also be mandatory.
The price increase is due to accumulated raw material cost for the upcoming safety regulations. The same cost has been absorbed by the manufacturer but now it will pass on the increase in cost to the customers. So if you are planning to buy any Hyundai car then now is the best time to follow the trend.
Several other car manufacturers have undergone the same process of increasing the prices of the cars present in their portfolio. Honda Cars India Ltd (HCIL) received a price hike in July. Toyota Kirloskar Motors, Isuzu Motors and even the homegrown Mahindra & Mahindra have also followed the footsteps of increasing the prices of their cars.
Recently, Hyundai Motors discontinue the D-lite and Era trims from the popular hatchback, Santro. However, with the deletion of both the trims, a new Era Executive Trim has been launched with an increase in the price of Rs 25,000.
The car now gets front power windows, Air-conditioning system, body-coloured bumpers now come to the base trim. Rear ac vents which were earlier present at the Era trim are now missed out.
Hyundai Santro is built on the K1 platform which provides 63% more rigidity than the previous BA platform. This same platform is shared by the subcompact SUV, Venue and will also be seen on the 2020 Hyundai Grand i10.
HMIL is the second largest car manufacturer and the number one car exporter since inception in India. It currently has ten car models across segments Santro, Grand i10, Elite i20. Active i20, Xcent, Verna, Elantra, Venue, Creta and Tucson.
HMIL currently has 494 dealers and more than 1,319 service points across India and It currently exports to around 91 countries across Africa, Middle East, Latin America, Australia and Asia Pacific.