Hyundai Motor India to hike prices across all models from January 2014

Hyundai Motor India Ltd today announced will increases the prices of its products across all models. The company will increases prices of across all models around Rs 5,000  to Rs 20,000 . The new price will effective to Indian market from January 2014. It happens due vale of rupee depreciation and the festival season market has been sluggish due to unfavorable macro-economic factors.

Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “In these adverse market conditions there is continuous increase in input costs on account of rupee depreciation and inflationary trends, this has made the price increase inevitable. We have been absorbing most of the costs but now we are compelled to consider the price increase. The quantum of price increase will vary from Rs. 5,000/- to Rs. 20,000/- across all our models.”