Hyundai Motor India hikes prices

Hyundai Motor India Limited (HMIL), the country's largest passenger car exporter and second largest car manufacturer, announced the price increase of all its models - from Eon to Santa Fe- with effect from today itself. Quoting Mr Rakesh Srivastava, Vice-President, Sales and Marketing, HMIL, the company sources here today said, ' On account of rise in input cost and fluctuation in currency, the price hike has been necessitated. '

The hike was in the range of ₹4201 to ₹20,878 across all models, he added.

' However, we have tried to absorb the maximum cost to minimize the price increase and cause less inconvenience to the valued customers, ' the sources quoting Mr Srivastava said.