Hyundai Motor India to increase vehicle prices from January to offset impact of rising input costs

Hyundai Motor India on Tuesday said it will increase prices of its entire product range from next month to primarily offset impact of rising input costs

Press Trust of India December 10, 2019 12:44:17 IST
Hyundai Motor India to increase vehicle prices from January to offset impact of rising input costs
  • Hyundai Motor India on Tuesday said it will increase prices of its entire product range from next month to primarily offset impact of rising input costs

  • The company, however, did not share details of model wise price change

  • Maruti Suzuki and Tata Motors have already announced to hike prices from January

New Delhi: Hyundai Motor India on Tuesday said it will increase prices of its entire product range from next month to primarily offset impact of rising input costs.

"The extent of price increase may vary for different models and fuel types," Hyundai Motor India Ltd (HMIL) said in a statement.

Hyundai Motor India to increase vehicle prices from January to offset impact of rising input costs

Hyundai Motor logo. Reuters

The company, however, did not share details of model wise price change.

The increase has been necessitated on account of rise in input and material costs, it added.

The company is working out on details and would share the details of the model wise price hike later this month.

Maruti Suzuki and Tata Motors have already announced to hike prices from January.

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