Like all the other automakers, Hyundai Nishat has also yielded to the persistent issues of the supply chain crisis, the depreciation of the local currency, and increase in the cost of raw materials and freight charges, and has increased the prices of its vehicle.
The new prices of Hyundai’s vehicles will be as follows:
| Vehicles | Old Prices | New Prices | Increase |
| Elantra 2.0L | 3,899,000 | 3,999,000 | 100,000 |
| Tucson GLS Sport | 4,979,000 | 5,179,000 | 200,000 |
| Tucson Ultimate | 5,469,000 | 5,669,000 | 200,000 |
| Sonata 2.0L | 6,399,000 | 6,499,000 | 100,000 |
| Sonata 2.5L | 7,099,000 | 7,299,000 | 200,000 |
The revision will be implemented according to the following schedule:
The domino effect of price hikes is underway, and all the automakers are expected to follow suit. However, it is interesting that all the car companies have only increased the prices of their locally assembled vehicles, with the exception of Kia Lucky Motors which has bumped up the prices of the Carnival (a CBU vehicle) and left the Sorento (a locally assembled vehicle) out.
Nonetheless, it is being speculated that this is just a first in a series of price hikes from all the automakers.
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