On the increase in the rate of cess on the goods and services tax (GST) for cars, the country's second-largest carmaker, Hyundai Motor India Ltd (HMIL), on Friday increased the price of its various models by Rs 84,867.

The development followed an increase in GST cess rates on mid-sized and large cars and SUVs by 2, 5 and 7 percent, respectively.  Under the GST regime, cars now attract the highest tax slab of 28 percent and on top of that cess ranging from 1 percent to 22 percent.

The company said in a statement that prices have been increased by 2 to 5% and it will be effective from September 11. The company has increased its hatchback car Elite I20 at a price of Rs 12,547, Verna at Rs 29,090 and the price of Creta from Rs 20,900 to Rs 55,375.

The company's Elantra will now be available for Rs 50,312 instead of Rs 75,991.

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