Hyundai Motor India has raised prices of its entire product line-up in India which will be effective from January 2015. Hyundai has announced that the price hike will be in the range of Rs. 5,000 to Rs 25,000.
The manufacturer has said that the decision of increasing the prices of all models has been taken due to the rising input cost, expensive imports due to rupee depreciation and high cost of sales.
Speaking on the decision, Hyundai's vice president, sales and marketing said, "In these adverse market conditions, the price increase is necessitated on account of increase in input costs, high cost of imports due to higher rupee depreciation and high cost of sales. We have been absorbing most of the costs but are now constrained to consider price increase across all models in the range of Rs. 5,000 to Rs. 25,000, which will be effective from Jan 2015".