Hyundai to raise car prices from early July | india | Hindustan Times
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Hyundai to raise car prices from early July

Hyundai Motor India on Wednesday said it would raise its car prices by up to Rs 15,000 from early next month due to higher input and freight costs.

india Updated: Jun 21, 2006 16:44 IST

Hyundai Motor India on Wednesday said it would raise its car prices by up to Rs 15,000 from early next month due to higher input and freight costs.

"The hike can be expected on all the models and it will be up to Rs 15,000," Hyundai India Vice-President (Marketing and Sales) Arvind Saxena said on Delhi.

The company, the fully-owned subsidiary of South Korean car major Hyundai Motor Co., sells the popular hatchback 'Santro' in the Indian market, apart from premium hatchbak 'Getz', midsize 'Accent' and luxury sedan 'Sonata Embera'.

Saxena said the company was in the process of working out price hikes for each model. "We are working the exact quantum of hike on each model," he said.

The company had said last week that production costs had gone up due to higher costs of inputs and freight.