Hyundai has announced an upward revision in prices for some of its models following the Government’s decision to increase the cess on GST. The price increase varies from 2 to 5%.
The Elite i20 Automatic will see a price increase of Rs. 12,547, the newly launched Verna gets a price raise of upto Rs. 29,090, the Creta compact SUV sees a price rise between Rs. 29,000 to 55,375, the Elantra price hike ranges between Rs. 50,312 to 75,991 and the Tuscon sees a hike of Rs. 64,828 to 84,867.
The the additional cess on mid-size cars has been raised by 2 percent, on luxury cars by 5 percent and on SUVs by 7. Under the previous rate, large vehicles and SUVs attracted a cess of 15 percent over the flat rate of 28 percent.
Due the hike, car sales will surely be affected during the upcoming festive season, a time when generally sales see a big spike.
