Hyundai Motor India Ltd (HMIL) on Thursday said it will hike prices
by up to Rs 20,000 across models, except the newly launched compact
car Grand i10, from October 1 to offset the impact of rupee depreciation
and rising input costs. The quantum of hike is from Rs 4000 to Rs 20,000.
Mr Rakesh Srivastava, Sr. Vice President, Sales & Marketing of
Hyundai India blamed the rupee depreciation and inflationary trends
for the rising input costs which have resulted in the company to increase
prices. Hikes on respective models have not been shared by Hyundai.
So, if you want to get a Hyundai at current prices, you only have 10
odd days at spare and you can also enjoy really good savings and discounts
on almost all their cars.
A few days back, Japanese automobile giant Toyota Kirloskar announced
a price hike of Rs 24,000 for all of its key models, including widely
popular Innova.
Tata Motors Ltd has also announced its plans to increase prices of
its cars in the passenger as well as commercial vehicles in the range
of 1 per cent 1.5 per cent.
The list of other automakers that have already increased prices of
their products includes Audi, BMW, Ford, Mercedes and GM.
