Car manufacturer, Hyundai Motor India has said that it would be hiking the prices of its products by up to 1.2% for all models, from September 1.
This rise is due to the increase in input costs, the press release sent by company said.
Declaring the increase in prices, Hyundai Motor India’s Director, (Marketing & Sales), Arvind Saxena, said “there has been an increase in the input costs for car manufacturers. We have tried to absorb as much of the cost as we can, to cause as less inconvenience as possible to our valued customers.”
Hyundai Motor India is a fully-owned associate of Hyundai Motor Company, South Korea, and is the biggest passenger car exporter and the 2nd biggest car producer in India. The company currently sells 6 models of passenger cars throughout the segments.