Hyundai to hike car prices from Aug 1, 2015

Hyundai Motor India today announced it will be raising the prices of its models by up to Rs 30,000, excluding the recently launched Creta SUV. The carmaker said the decision was made following a rise in 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, Hyundai Motor India Ltd said.

The price hike by the country’s second largest carmaker will come into effect from August 1, 2015, and will apply to the Hyundai Eon, i10, Grand i10, Xcent, i20, i20 Active, Verna, Elantra and Santa Fe.

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