Hyundai India has increased the price of its newly launched compact SUV - Creta. The price increase starts with INR10,000 for entry level variantsand goes uptoas much asINR 20,000 for higher variants. The Creta hasorders of over 50,000 units and the waiting period is currentlyaround six months.
The 1.4-litre diesel variants of the Hyundai Creta see a price increase on INR 10,0000, while the1.6-litre diesel variants see a price hike ofINR 20,000 across its range except for the basetrim level. During the launch of the Creta,Hyundai had announced that the price was introductory and it was estimated that prices will be increased down the line. However, what is surprising is that the price hike has come just around the festive season, when most car manufacturers lure buyers with attractive discounts.
The Creta has exceeded expectations in terms of sale and has clocked23,181 units since its launch, till the end of September. Hyundai has alsoincreased production to 7,500 units a month and have postponed their export plans in order to meet domestic demand. No wonder Hyundai is commanding a price hike during the festive season as it is in a more than comfortable situation as far as sales of the Creta is concerned.
The 1.4-litre diesel variants of the Hyundai Creta see a price increase on INR 10,0000, while the1.6-litre diesel variants see a price hike ofINR 20,000 across its range except for the basetrim level. During the launch of the Creta,Hyundai had announced that the price was introductory and it was estimated that prices will be increased down the line. However, what is surprising is that the price hike has come just around the festive season, when most car manufacturers lure buyers with attractive discounts.
The Creta has exceeded expectations in terms of sale and has clocked23,181 units since its launch, till the end of September. Hyundai has alsoincreased production to 7,500 units a month and have postponed their export plans in order to meet domestic demand. No wonder Hyundai is commanding a price hike during the festive season as it is in a more than comfortable situation as far as sales of the Creta is concerned.
Source : MotorOctane
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%