Hyundai to increase prices from January 2014
1 min read . Updated: 17 Dec 2013, 05:45 PM IST Korean carmaker Hyundai has announced a price hike varying from Rs. 5,000-20,000 across its line-up, effective January 2014.Korean carmaker Hyundai has announced a price hike varying from ₹ 5,000-20,000 across its line-up, effective January 2014.
Commenting on the price hike, Rakesh Srivastava, senior vice president, sales and marketing, said, "In these adverse market conditions there is a continuous increase in input costs on account of rupee depreciation and inflationary trends, this has made the price increase inevitable.
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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 ₹ 5,000 to ₹ 20,000 across all our models."