India Car News

Hyundai will increase costs starting in January 2023

Hyundai will increase prices starting in January,

Hyundai will increase costs starting in January 2023

Hyundai Motor India has announced that starting in January 2023, it will raise the price of its passenger cars in India With this announcement, Hyundai joins the ranks of other automakers including Maruti Suzuki, Tata Motors, Audi, Kia, Mercedes-Benz, MG Motor, and Renault in raising prices beginning in 2023.

In fact, according to Hyundai Motor India, all of the company’s current model lineup would be impacted by the impending price change. Additionally, Hyundai Motor India cited the most recent increase in input costs as one of the causes of the price increase.

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Speaking of Hyundai Motor India, it is important to note that Maruti Suzuki is the country’s top automobile manufacturer, followed by the South Korean company. The Hyundai Venue sub-4m SUV is the South Korean automaker’s second-best-selling vehicle in India, closely behind the Hyundai Creta SUV.

This is due to the fact that the ASEAN NCAP-tested facelifted Hyundai Creta SUV has many additional safety features, including six airbags, Electronic Stability Control (ESC), ABS, SBR, ISOFIX anchoring hooks, and many more. The vehicle even has advanced driver assistance systems (ADAS), which include active safety features like automatic emergency braking (AEB), front collision warning (FCW), lane keeping assistance, blind spot detection, and many more.

Opinions Regarding Hyundai’s Decision To Increase Car Prices In India Due to Tata Motors’ fierce rivalry, Hyundai Motor India has recently struggled to maintain its position as the second-largest automaker in India. With the anticipated price increase, Hyundai may see a little decline in the overall sales of its vehicles in India.

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