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Automobile major Hyundai Motor India will hike prices across models effective from January 2020.

According to the company, the price increase has been necessitated on account of rise in input and material costs.

"The extent of price increase may vary for different models and fuel types," the company said in a statement on Tuesday.

Last week, Maruti Suzuki had said that it will increase vehicle prices from January 2020 on account of increase in input cost.

This story has been published from a wire agency feed without modifications to the text.