Hyundai raises vehicle prices by up to Rs.20,878

An increase in input costs and currency fluctuations lead to the move
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First Published: Fri, Feb 01 2013. 06 44 PM IST
Many companies in India, including No.1 car maker Maruti Suzuki India Ltd and the local unit of General Motors Co., have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins. Photo: Ramesh Pathania/Mint
Many companies in India, including No.1 car maker Maruti Suzuki India Ltd and the local unit of General Motors Co., have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins. Photo: Ramesh Pathania/Mint
New Delhi: Hyundai Motor Co.’s India unit, the country’s second biggest car maker, said it raised vehicle prices by up to Rs.20,878 ($390) due to an increase in input costs and currency fluctuations.
Many companies in India, including No.1 car maker Maruti Suzuki India Ltd and the local unit of General Motors Co., have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins.
Hyundai India had raised vehicle prices in November, too. Reuters
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First Published: Fri, Feb 01 2013. 06 44 PM IST
More Topics: Hyundai Motor | Maruti | General mototrs | price |
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