Hyundai and Maruthi to hike car prices

Hyundai Motor India will increase prices of its vehicles by up to Rs 20,000 across all models by February 1.

"On account of rise in input cost and fluctuation in currency, we will increase the prices up to Rs 20,000 by February 1, 2013 across all the models starting from Eon to Santa Fe SUV," Hyundai Motor India Ltd (HMIL) Vice President, Sales and Marketing Rakesh Srivastava said.

The company sells a range of vehicles starting from the entry level hatchback Eon priced at Rs 2.77 lakh-Rs 3.83 lakh to luxury SUV Santa Fe tagged at Rs 22.61 lakh-25.63 lakh (ex-showroom Delhi).

Rival and market leader Maruti Suzuki India has increased the prices of its different models, except the imported sedan Kizashi and SUV Grand Vitara, by up to Rs 23,000 from today.

Post the increase the M800 will be costlier by up to Rs 2,500 from its existing price of Rs 2.08 lakh-Rs 2.33 lakh (ex-showroom Delhi). Similarly, the company's hot selling model Swift will be dearer by up to Rs 5,000 from the current price of Rs 5.57 lakh-Rs 6.82 lakh (ex-showroom Delhi).

On the other hand, the company's compact sedan Dzire will see a price hike of up to Rs 10,000 from Rs 4.91 lakh-7.4 lakh (ex-showroom Delhi).

The company's multipurpose van Ertiga, currently priced at Rs 5.9 lakh-Rs 8.63 lakh, will become costlier by up to Rs 7,800. The steepest price increase of Rs 23,000 will be on the cargo version of its van Eeco, which was tagged at Rs 3.9 lakh (ex-showroom Delhi).