if you are planning to buy any model of Hyundai car or SUV then you will have to hurry up as South Korean giant is increasing the prices of its complete range in India which will be effective from 16th August.
According to Hyundai, the price increase has been neccessitated due to increasing cost of raw materials and rupee depreciation.
Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “The rupee depreciation and increase in raw materials cost have impacted our overall costs. We have been absorbing most of the costs but now we are compelled to consider the price increase. We will be increasing the prices from August 16, 2016 by Rs. 3,000 to Rs. 20,000 across models.”
Hyundai Motor India Limited is the largest passenger car exporter and the second largest car manufacturer in India. It currently has ten car models for different segments – Eon, i10, Grand i10, Elite i20, Active i20, Xcent, Verna, Creta, Elantra and Santa Fe. Hyundai has state-of-the-art manufacturing plant near Chennai which boasts of advanced production, quality and testing capabilities.
Yesterday, Hyundai has also announced three new variants of its successful Creta SUV which was launched in India in the month of July last year.