Hyundai to hike prices (2%) 1000-18000 from 1st week of June

SumitBahl · 21st May 2008, 16:47

Hyundai will hike prices of cars including hatchback models Santro, i10, Getz along with sedans Accent, Verna, Sonata Embera in the country.

Price hike would be 2% which would be between 1000-18000.

So, all you people, considering to buy i10 or Verna or the newly facelifted Sonata Embara, HURRY UP. Prices would be increased form 1st week of June, 2008.

vkochar · 21st May 2008, 19:02

I am in the process of buying an i10 Magna - Is this news confirmed ? Would be a difference of 8000 then on my car. I just hate this - Maruti first and now Hyundai !!

SumitB · 21st May 2008, 19:05

Yes its confirmed if we go by the reports on Business Channels (CNBC, Zee Business & NDTV Profit).

vkochar · 21st May 2008, 19:21

That means all car companies will follow now. Inflation is really hitting us hard now.

Will speak to Hyundai and see what they say.

ankit.jhamb · 21st May 2008, 19:48

Quote:

Originally Posted by vkochar

That means all car companies will follow now. Inflation is really hitting us hard now.

Will speak to Hyundai and see what they say.

they will deliver your car after the price hike like maruti is doing

.

but since there is waiting period i think you should hurry up,whats the point of losing rs 8000 on same car within few days.

Technocrat · 21st May 2008, 20:25

Here it is:

financialexpress

The 1k to 18k figure is for MUL & not Hyundai

vkochar · 21st May 2008, 20:56

Spoke to Hyundai an hour back - he says the price hike is not confirmed, BUT he thinks it will happen soon as MUL has also done.

He says give a deposit of 5k or so and no price hike will be there for you.

srijit · 21st May 2008, 21:22

Hmm, wonder when they will start to slash prices. Fuel prices are high enough as it is...

hrishig · 21st May 2008, 21:23

Quote:

Originally Posted by vkochar

Spoke to Hyundai an hour back - he says the price hike is not confirmed, BUT he thinks it will happen soon as MUL has also done.

He says give a deposit of 5k or so and no price hike will be there for you.

Usually the price on date of registration is considered as the price of the car. If they are taking booking of 5k means they already have stock of the car and they will sell you the same old model in stock which they got from hyundai in old price stock. If you cancel the booking then they will charge ~5k as cancellation money.

karanraheja · 21st May 2008, 21:29

Here we go again. Now this would make overpriced cars like i10 even more overpriced

.

ankit.jhamb · 21st May 2008, 21:37

@vkochar:
just confirm what will happen to 5k incase of cancellation.if you will get full refund back then there is no harm in giving 5k.
but if it is non-refundable then i think you should make your decision fast.

snaronikar · 21st May 2008, 21:47

All companies will follow suit now. As the i/p costs have gone up drastically. The plastic parts, the fabric parts, the steel parts every thing have gone up. The crude is at $130/barrel today. Very difficult to maintain at the same cost. Even I saw the news of price increase in news CNBC today.

OT: Even the idli/dosas we eat at hotel are costing more nowadays leave alone automobiles. ;-(

ankit.jhamb · 21st May 2008, 21:52

Quote:

Originally Posted by snaronikar

OT: Even the idli/dosas we eat at hotel are costing more nowadays leave alone automobiles. ;-(

.
OT:if the cost doesnt go up,the quantity will go down .

SumitBahl · 21st May 2008, 21:59

Quote:

Originally Posted by Technocrat

Here it is:

financialexpress

The 1k to 18k figure is for MUL & not Hyundai

Yes, you are right. I mis-read it.

Quote:

Originally Posted by rediff

The company's move to hike prices follows rival Maruti [Get Quote] Suzuki India, which hiked prices last week across various models between Rs 1,000 and Rs 18,000.

Quote:

Originally Posted by vkochar

I am in the process of buying an i10 Magna - Is this news confirmed ? Would be a difference of 8000 then on my car. I just hate this - Maruti first and now Hyundai !!

Yes it is confirmed.
Here is the source: Hyundai to hike car prices by up to 2% in June

vkochar · 21st May 2008, 23:17

Yes, the money is refundable since I know the owner of the dealership personally. But why would I cancel once I pay ?

I feel i10 is the best small petrol car one can buy at its price. i10 Magna is costing me less than 4 Lacs OTR after discounts ( 3.96 L to be precise ). What more do I need ?

I have to sell my Santro tommorrow, lets see. Will keep you guys updated.

21st May 2008, 16:47	#1
SumitBahl BHPian Join Date: May 2008 Location: Chandigarh Posts: 976 Thanked: 230 Times View My Garage	Hyundai to hike prices (2%) 1000-18000 from 1st week of June Hyundai will hike prices of cars including hatchback models Santro, i10, Getz along with sedans Accent, Verna, Sonata Embera in the country. Price hike would be 2% which would be between 1000-18000. So, all you people, considering to buy i10 or Verna or the newly facelifted Sonata Embara, HURRY UP. Prices would be increased form 1st week of June, 2008.
	() Thanks

21st May 2008, 19:02	#2
vkochar Senior - BHPian Join Date: Aug 2006 Location: Delhi / Agra / London Posts: 2,146 Thanked: 819 Times View My Garage	I am in the process of buying an i10 Magna - Is this news confirmed ? Would be a difference of 8000 then on my car. I just hate this - Maruti first and now Hyundai !!
	() Thanks

21st May 2008, 19:05	#3
SumitB BHPian Join Date: Jan 2007 Location: Shillong Posts: 986 Thanked: 263 Times	Yes its confirmed if we go by the reports on Business Channels (CNBC, Zee Business & NDTV Profit).
	() Thanks

21st May 2008, 19:21	#4
vkochar Senior - BHPian Join Date: Aug 2006 Location: Delhi / Agra / London Posts: 2,146 Thanked: 819 Times View My Garage	That means all car companies will follow now. Inflation is really hitting us hard now. Will speak to Hyundai and see what they say.
	() Thanks

21st May 2008, 20:25	#6
Technocrat Senior - BHPian Join Date: Feb 2004 Location: GTA Posts: 14,813 Thanked: 2,700 Times	Here it is: financialexpress The 1k to 18k figure is for MUL & not Hyundai
	() Thanks

21st May 2008, 20:56	#7
vkochar Senior - BHPian Join Date: Aug 2006 Location: Delhi / Agra / London Posts: 2,146 Thanked: 819 Times View My Garage	Spoke to Hyundai an hour back - he says the price hike is not confirmed, BUT he thinks it will happen soon as MUL has also done. He says give a deposit of 5k or so and no price hike will be there for you.
	() Thanks

21st May 2008, 21:22	#8
srijit BHPian Join Date: Jan 2008 Location: Trivandrum Posts: 598 Thanked: 8 Times	Hmm, wonder when they will start to slash prices. Fuel prices are high enough as it is...
	() Thanks

21st May 2008, 21:29	#10
karanraheja Senior - BHPian Join Date: Feb 2008 Location: Coimbatore Posts: 1,961 Thanked: 436 Times	Here we go again. Now this would make overpriced cars like i10 even more overpriced.
	() Thanks

21st May 2008, 21:37	#11
ankit.jhamb BHPian Join Date: Jan 2007 Location: new delhi Posts: 573 Thanked: Once	@vkochar: just confirm what will happen to 5k incase of cancellation.if you will get full refund back then there is no harm in giving 5k. but if it is non-refundable then i think you should make your decision fast.
	() Thanks

21st May 2008, 21:47	#12
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 29 Times View My Garage	All companies will follow suit now. As the i/p costs have gone up drastically. The plastic parts, the fabric parts, the steel parts every thing have gone up. The crude is at $130/barrel today. Very difficult to maintain at the same cost. Even I saw the news of price increase in news CNBC today. OT: Even the idli/dosas we eat at hotel are costing more nowadays leave alone automobiles. ;-(
	() Thanks

21st May 2008, 23:17	#15
vkochar Senior - BHPian Join Date: Aug 2006 Location: Delhi / Agra / London Posts: 2,146 Thanked: 819 Times View My Garage	Yes, the money is refundable since I know the owner of the dealership personally. But why would I cancel once I pay ? I feel i10 is the best small petrol car one can buy at its price. i10 Magna is costing me less than 4 Lacs OTR after discounts ( 3.96 L to be precise ). What more do I need ? I have to sell my Santro tommorrow, lets see. Will keep you guys updated.
	() Thanks