Mostly Cloudy
14°CFri :Mostly Clear. High: 18 Low: 6

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

bjp-lost-17-seats-in-haryana-by-a-narrow-margin

BJP lost 17 seats in Haryana by a thin edge

October-22-2014
NEW DELHI: The BJP’s triumph in Haryana can’t simply be surveyed through the quantity of seats the gathering won additionally by the
44895643.cms

Sunny Leone’s Special Birthday surprise For Husband Daniel Weber

October-21-2014
Sunny Leone had masterminded an unique birthday festival for her spouse Daniel Weber in Thailand. A couple of days prior, Daniel had
IndiaTv1611f0_cfc

ISL mentors among a few peering toward India work

October-21-2014
PANAJI: There is life past the commotion and fervor of the Indian Super group, particularly for the mentors on obligation. Most mentors
06-rupee6

Rupee picks up 8 paise against dollar in early trade

October-21-2014
MUMBAI: Extending its climbing streak for the third straight day, the rupee increased in value by 8 paise to 61.28 against the
IndiaTv568462_akhilesh

Akhilesh Yadav the CM of UP gets feel of power crisis

October-21-2014
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav and his bureau got a direct knowledge of the dismal force situation in the state
BJP flag

Maharashtra: Congress hits once more at NCP, says will never help Shiv Sena

October-21-2014
New Delhi: Senior Congress pioneer Ajay Maken hit over at National Congress Party boss Sharad Pawar by saying that the gathering will