Prices will decrease
Price reduction will be on the internal combustion engine (ICE) models, which are now based in 18% GST slab and 40% GST slab. Previously, the total tax on such models was between 29% to 50% (28% GST + 1% to 22% compensation cess). Among all Hyundai cars, the lowest price deduction will be Rs 60,640 at the orna. The biggest price reduction in Taxon will be up to Rs 2,40,303.
| Hatchback | Price cut (effective from 22 September) |
| Grand i10 Nios | Rs 73,808 |
| i20 | Rs 98,053 |
| i20 n line | Rs 1,08,116 |
In the SUV segment, the price of Excession will be reduced by Rs 89,209. On the Venue and Venue N Line, the price cut will be between Rs 1,19,390 to Rs 1,23,659. Creta and Creta N Line prices will be reduced between Rs 71,762 to Rs 72,145. The price of Alakazar will be reduced by Rs 75,376, while, as stated earlier, the price of Taxon will be cut by Rs 2,40,303.
| SUV | Price cut (effective from 22 September) |
| Exter | Rs 89,209 |
| Venue | Rs 1,23,659 |
| Venue n line | Rs 1,19,390 |
| Creta | Rs 72,145 |
| Creta n line | Rs 71,762 |
| Alcazar | Rs 75,376 |
| Tucson | Rs 2,40,303 |
Hyundai Motor India Managing Director, Unu Kim said. ”We appreciate the progressive and visionary move by the Government of India to reduce GST on PVS. This improvement not only promotes the automotive industry but is a strong step towards making millions of customers more cheap and affordable,”
| Sedan | Price cut (effective from 22 September) |
| Aura | Rs 78,465 |
| Verna | Rs 60,640 |
“As soon as India moves forward on the path of developed India, Hyundai is committed to maintaining synergy with the nation's development ambitions, ensuring that our cars and SUVs enjoy the price, innovation and driving,” he further said.
