December 17, 2013

Hyundai Motor India to hike prices across all models

Hyundai Motor India Ltd. (HMIL) announced the price increase across all its models.

"In these adverse market conditions there is continuous increase in input costs on account of rupee depreciation and inflationary trends, this has made the price increase inevitable.
We have been absorbing most of the costs but now we are compelled to consider the price increase. The quantum of price increase will vary from Rs. 5,000 to Rs. 20,000 across all our models," said Rakesh Srivastava, Senior Vice-President, Sales and Marketing.

The price increase across all the models would come into effect in January 2014.


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