- Hyundai Nishat Motors Private Limited has raised its car rates for the second time in a week.
- The cheapest car in Hyundai’s portfolio now costs nearly Rs. 6.6 million after a price increase.
- Hyundai Nishat Motors sold 1,271 vehicles in February, an 11% increase over the previous month.
Hyundai Nishat Motors Private Limited (HNMPL) has raised its car rates for the second time in a week. The cheapest car in Hyundai’s portfolio now costs nearly Rs. 6.6 million after a price increase of up to Rs. 750,000.
Hyundai vehicle pricing as of March 17, 2019 is 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 |
Hyundai‘s most recent price increase occurred on March 13, following a 7% increase in general sales tax (GST) for crossovers and automobiles with 1400 CC engines or larger. The current price increase came out of nowhere, with no explanation provided by the corporation.
Despite price increases, Hyundai appears to be holding its own in terms of vehicle sales. Hyundai Nishat Motors Private Limited (HNMPL) sold 1,271 vehicles in February, an 11% increase over the previous month. Tucson was once again the company’s front-runner.
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But the recent price increase may have a significant impact.
