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Hyundai Motor to hike prices of all models

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Hyundai Motor India Limited (HMIL), the second largest car manufacturer in the country, on Wednesday announced a proposed increase in the prices of all its models.

The company has not indicated the exact rise in prices of its models. The price increase will come into effect within a couple of weeks.

Commenting on the price hike Rakesh Srivastava, Vice President, National Sales and marketing, Hyundai Motor India Ltd., said, “The price increase has been necessitated by a variety of cost push factors like increase in raw material prices and freight increase. We have tried to minimise the hike so as to cause less inconvenience to our valued customers.”