Hyundai Hikes Vehicle Prices By Up To Rs 84,867 After GST Cess Hike

Hyundai Motor India Ltd. (HMIL) on Friday increased prices of its various models by up to Rs 84,867, following a hike in the GST compensation cess. The price hike will range from 2 to 5 percent and will be effective from September 11, the company said in a statement.

• Price of the 1.4-litre petrol automatic variant of its premium hatchback Elite i20 hiked by Rs 12,547
• Price of the newly launched mid-sized sedan Verna to go up by 29,090.
• Price of SUV Creta hiked in the Rs 20,900-55,375 range.
• Price of the premium sedan Elantra will now range between Rs 50,312 and Rs 75,991.
• Increased price of the premium SUV Tuscon between Rs 64,828 and Rs 84,867.

Fiat Chrysler Automobiles (FCA) has also announced hike in prices of its Jeep and Fiat range of vehicles by up to Rs 6.4 lakh.

On Thursday, Honda Cars India had announced increase in prices of its models – City, BR-V and CR-V models, ranging between Rs 7,003 and Rs 89,069.

Also Read: Toyota Kirloskar ‘Relieved' By Post-Cess GST Rate, But Unhappy With Constant Revisions

Earlier this week, Toyota Kirloskar Motor (TKM) has announced hike in prices of select models, including Innova Crysta and premium SUV Fortuner, ranging from Rs 13,000 to Rs 1.6 lakh.

The development followed increase in GST cess rates on mid-sized and large cars and SUVs by 2, 5 and 7 percent, respectively. Under the GST regime, cars now attract the highest tax slab of 28 percent and on top of that cess ranging from 1 percent to 22 percent.

Also Read: GST Rates Raised For Automobiles But Some Relief For Consumers Maintained