Tuesday, 30 October 2012

Hyundai Motor India hikes prices of its cars by Rs 5,000 from November 2012




Hyundai Motors India Limited unit will increase the prices of all its models by up to 5,000 rupees from 1 November, the company said in a statement, citing a rise in input costs.



"The price increase has been necessitated by a variety of input costs," HMIL Vice-President (National Sales and Marketing) Rakesh Srivastava said in a statement.
     
HMIL sells a range of models, from entry level Eon with price starting at Rs 2.75 lakh to premium sports utility vehicles tagged up to Rs 25.38 lakh (ex-showroom Delhi).
     
"The price increase would be up to Rs 5,000 across models and would come into effect from November 1, 2012," the company said.

Other car makers have already increased prices of their vehicles. Earlier this month, General Motors India announced hike in prices of its entire range of models by Rs 8,000 to Rs 20,000 depending upon the various models to minimise the impact of adverse currency movement and high input costs.
     
Maruti Suzuki, Honda Cars, Renault and Audi have also raised the prices of their vehicles to offset adverse impact of foreign exchange fluctuation and rising input costs.


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