Seoul: Rising input costs are forcing automakers to increase prices of their models by a substantial margin. Hyundai India has increased the prices of its three SUVs – Creta, Venue and Alcazar in the Indian market. The SUVs are now expensive by Rs 10,100 to Rs 27,000.
The South Korean automaker has joined various other brands like Toyota, Maruti Suzuki, Mahindra and others who previously hiked the prices of their models. Like other car makers, the brand has also been affected by the semiconductor shortage and rising input costs. The price hike has affected all petrol and diesel variants of the Venue except the Diesel SX MT variant.
Hyundai Creta prices have been hiked by Rs 16,100 across all variants. However, Hyundai Creta is now more expensive at Rs 27,000, but the price for the petrol S MT trim remains the same. The Hyundai Venue petrol variant is now priced between Rs 7.11 lakh and Rs 11.82 lakh. Similarly, the diesel variant is now priced between Rs 9.99 lakh and Rs 11.83 lakh.
The prices for the Hyundai Venue have been hiked by up to Rs 12,100. There is no change in prices for the diesel SX variant.
Similarly, the price of the Hyundai Alcazar has risen by Rs. 10,100. The Petrol Signature (O) dual-tone 6-seater and all three Diesel Signature (O) trims, on the other hand, are unaffected by the price increase.
It is to be noted that Hyundai has launched the Hyundai Creta Knight Edition with black colour covering and the special knight badge on the body. Moreover, the company is also set to launch the updated version of the Hyundai Creta and Hyundai Venue down the line.
The new Hyundai Creta will feature a new parametric grille with uniquely designed LED DRLs, an updated bumper with a slimmer and wider air-inlet, new LED taillamps, and a tweaked tailgate design that adheres to Hyundai’s new design language.
The updated Venue, like the new Creta, will feature the brand’s new parametric grille, revised bumpers, new rectangular-shaped headlamps, L-shaped tailgate with new LED inserts, and newly designed alloy wheels. We anticipate that the Venue facelift will include an upgraded infotainment system and new BlueLink connected car technology.