Hyundai to hike prices of Grand i10 from next month

Hyundai Motor India today said it will raise the price of its hatchback Grand i10 by up to 3 per cent from next month due to rise in input and material cost. However, the company said it has not changed prices of its other models. Currently, the Grand i10 is priced between Rs 4.74 lakh and Rs 7.51 lakh (ex-showroom Delhi).

"The revised prices will be implemented from August 2018," Hyundai said in a statement.

The price hike on Grand i10 comes at a time when the auto major is gearing up to launch a new compact car around Diwali this year. The new model is likely to be the return of the Santro brand in India, although the company has insisted that it has not decided on the name.


Earlier this year, the company's Managing Director and CEO Y K Koo had announced that the model would be launched near Diwali this year.

"We will take a final call on the Santro badge at around Diwali. However, we are under a lot of pressure from dealers, customers and market to bring back the Santro brand," he had said.

(Inputs from PTI)