Mostly Cloudy
1°CFri :Sunny. High: 6 Low: -2

Hyundai to hike prices by up to Rs 20,000 from January

Hyundai to hike prices by up to Rs 20,000 from January

New Delhi: Hyundai Motor India Ltd (HMIL) will increase prices of its products across all models by up to Rs 20,000 from January to offset pressure of input costs on account of rupee depreciation and inflationary trends.

The quantum of price increase will vary from Rs 5,000 to Rs 20,000 across all models, the company said in a statement.

HMIL sells a range of car models, including popular Santro, i10, sedans Verna and Sonata, in India priced between Rs 2.89 lakh and Rs 26.69 lakh (ex-showroom Delhi).

Commenting on the price hike, HMIL Senior Vice President (Sales and Marketing) Rakesh Srivastava said: “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.”

He said the company has been absorbing most of the costs but it is now compelled to consider the price increase.

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

Already other automobile manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Mercedes, BMW, Audi and Honda have announced that they would increase prices of their products from next month citing similar reasons.

 

Top Stories

Dimpy-Pretam

Bigg Boss 8 Breaking With Salman Khan: Dimpy And Pritam’s Ugly Fight

December-19-2014
Bigg Boss 8 the most questionable reality show. Presently at the Bigg Boss 8 house, there is another assignment. In this errand
Anushka-Sharma-in-Police-Avatar-in-The-New-Motion-Poster-of-P.K.

“PK” (Peekay) – Movie Review: Aamir Khan-Anushka Sharma’s Chemistry Impresses Viewers

December-19-2014
Rajkumar Hirani’s “PK” (Peekay), which is the last exceptionally anticipated Bollywood film of 2014, has discharged in theaters in the global markets
lg_g3_2-624x351

LG G3 gets Android 5.0 Lollipop upgrade for India clients: report

December-19-2014
The most recent Android 5.0 Lollipop upgrade for the leader LG G3, which was initially discharged in Korea and Europe by the
Modi-new-pti

PM Modi advises mantris not to be preventive, says govt has done no offbase

December-19-2014
New Delhi: Prime Minister Narendra Modi was on Wednesday comprehended to have told his bureau associates that the administration require not be
11-arvind-kejriwal-645

AAP may discharge third rundown of candidates for Delhi polls today

December-19-2014
Delhi decisions are round the corner and the gathering that seems most proactive in arrangements for the surveys is the Aam Aadmi
Saina_Nehwal_SwissOpen_AP

Saina beats Chinese adversary Shixian Wang in Superseries Finals

December-18-2014
Heading Indian lady shuttler Saina Nehwal beat ruling Asian Games champion Shixian Wang of China 21-17, 21-18 to win the first match