Automobile News

Hyundai Motor India to increase prices by up to 2%

Hyundai Motor India to increase prices by up to 2%

New Delhi: Hyundai Motor India (HMIL) on Wednesday announced a price increase of up to 2 per cent effective from the “beginning of next year”.

Commenting on the Price increase, HMIL Director (Sales and Marketing) Rakesh Srivastava said: “We have been absorbing the increase in input and material costs but now are constrained to increase the prices up to 2 per cent.”

On Tuesday, Nissan Group of India had announced an upward price revision across its Nissan and Datsun range of models by up to Rs 15,000 effective January 1.

Last week, Mahindra & Mahindra (M&M), Volkswagen India and Maruti Suzuki India had said they will increase prices.

Earlier, Tata Motors had said it will increase the prices of its entire passenger vehicle range by up to Rs 25,000, starting from January, to offset the impact of rising input costs.

Ford India had also said it will hike the prices of all its vehicles by up to 4 per cent from January 1.

IANS