Hyundai Nishat Motors Private Limited (HNMPL) has increased the prices of its cars for the second time in one week. After a price hike of up to Rs. 750,000, the cheapest car in Hyundai’s lineup now costs almost Rs. 6.6 million.
Effective as of March 17, the prices of Hyundai cars are as follows:
| Models | Old Price (Rs.) | New Price (Rs.) | Increase (Rs.) |
| Tucson GLS Sport FWD | 8,030,000 | 8,230,000 | 200,000 |
| Tucson Ultimate AWD | 8,659,000 | 8,859,000 | 200,000 |
| Elantra GL 1.6 | 6,199,000 | 6,599,000 | 400,000 |
| Elantra GLS 2.0 | 6,730,000 | 7,130,000 | 400,000 |
| Sonata 2.0 | 9,679,000 | 10,329,000 | 650,000 |
| Sonata 2.5 | 10,530,000 | 11,280,000 | 750,000 |
The last price hike came from Hyundai on March 13, following a 7% increase in General Sales Tax (GST) for crossovers and cars with 1400CC engines or larger. The latest price hike has come out of nowhere, with the company citing no reason.
Despite the price hikes, Hyundai seems to be holding its own in terms of car sales. In February, Hyundai Nishat Motors Private Limited (HNMPL) sold a respectable 1,271 cars, recording an 11% MoM increase in sales. Once again, Tucson remained the company’s front-runner.
Although, the latest price hike may change things drastically.
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If we look at options, the Elantra GL 1.6 is better than the cheapest corolla 1.6 CVT by 1 lac. And the Elantra is FAR better equipped!
If we calculate from introduction of international model year, The Corolla is the 11th gen corolla from 2013; which was introduced in Pakistan in 2014. It is a 10 year old car. No matter how many plastic bits the company slap on it! It has been going like that, unchanged, since then.
The Elantra on the other hand is the 6th gen which was originally launched in 2015. The one we have here locally is the very extensively facelifted model (with new front facia etc.) pretty much making it a full new model, was launched in 2019.
If we compare by years of first introduction, in any case, the Elantra is the newer car.
Compared to the corolla, the Elantra is STILL the better deal!