Hyundai Motor India has announced a mark-up in prices of models across its range of hatchbacks, sedans and SUVs, effective from January 2020. Though the company may have cited a rise in input and material costs as the rationale behind its latest announcement, an annual increase in prices at the start of a new calendar year is also a general practice adopted by a majority of manufacturers in the industry.
The Korean automaker hasn’t revealed the exact extent of the hike, but has only mentioned that the increase will be subjective to the model and fuel type. The latest announcement comes on the back of rise in prices of a number of vehicles in the past year, owing to the mandatory implementation of safety norms. These safety norms include ABS, driver side airbag, parking sensors, speed alert systems, seatbelt reminders and compliance with crash test regulations.
It is worth mentioning that the bump in prices in January will almost certainly be followed by another round of mark-up once the vehicles, which are BS4 compliant for the time being, make the switch to cleaner emission technologies before April 2020.
Other major manufacturers that have already announced a rise in prices from the new calendar year include Maruti Suzuki and Kia. More automakers can be expected to follow suit, in the run up to January 1, 2020.
Also see:
Big discounts on Hyundai Creta, Xcent, Grand i10, Nios, Verna, i20 and more
from Autocar India https://ift.tt/2ryrZ1v
via IFTTT
No comments:
Post a Comment