Hyundai Nishat Motors Private Limited (HNMPL) has revised the prices of the Hyundai Tucson, joining the price hike bandwagon. In barely over two months, the firm has raised its prices for the second time.
The prices of both Hyundai Tucson variants are given below:
| Variants | Old Price (Rs.) | Revised Price (Rs.) | Increase (Rs.) |
| Tucson GLS Sport FWD | 5,549,000 | 5,799,000 | 250,000 |
| Tucson Ultimate AWD | 5,999,000 | 6,299,000 | 300,000 |
Like its rivals, HNMPL also pointed to rising raw materials costs, freight charges, depreciating local currency, and other logistical challenges as the reasons for the hike.
However, unlike other automakers, HNMPL has only kept the new prices applicable on bookings made after the price hike announcement. Those who have made bookings before March 25, 2022, will pay the old rate.
Hyundai has only increased the price of Tucson. It bears noting that SUV was HNMPL’s best-selling vehicle for February 2022, with nearly 800 units sold in a month.
According to market reports, due to rising cost pressures, the Korean automaker would raise prices for the rest of its inventory as well.
Read More News On
Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.