Comments
The country's second largest car manufacturer and largest car exporter, Hyundai Motor India (HMIL), on Saturday said it will increase the prices of all its models, except the newly launched SUV Creta.
The price increase would be up to Rs 30,000 and come into effect from August 1, the company said in a statement.
BusinessLine had written last month that car companies may hike prices because of currency fluctuations and high input costs.
"The price increase has been necessitated by increase of input costs. We have been absorbing most of the costs, but now we are constrained to consider the price increase in these challenging market environment," Rakesh Srivastava, Senior Vice-President, Sales and Marketing, HMIL, said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.