Hyundai announces a price hike

Hyundai Motor India Ltd. (HMIL), today announced the price increase across all its models starting from Eon to Santa Fe excluding the recently launched Hyundai Grand.

Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “The rupee depreciation and inflationary trends have impacted our input costs. We have been absorbing most of the costs but now we are compelled to consider the price increase. We will be increasing the prices from October 01 by Rs.4,000/- to Rs. 20,000/- across models except our new model Hyundai Grand which has been recently launched at an aggressive introductory price.”