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Hyundai Motor India hikes prices

Hyundai Motor India Limited (HMIL), the country's largest passenger car exporter and second largest car manufacturer, announced the price increase of all its models - from Eon to Santa Fe- with effect from today itself.

autos Updated: Feb 04, 2013 16:09 IST

Hyundai Motor India Limited (HMIL), the country's largest passenger car exporter and second largest car manufacturer, announced the price increase of all its models - from Eon to Santa Fe- with effect from today itself.

Quoting Mr Rakesh Srivastava, Vice-President, Sales and Marketing, HMIL, the company sources here today said, " On account of rise in input cost and fluctuation in currency, the price hike has been necessitated. "

The hike was in the range of Rs 4201 to Rs 20,878 across all models, he added.

" However, we have tried to absorb the maximum cost to minimize the price increase and cause less inconvenience to the valued customers, " the sources quoting Mr Srivastava said.