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Hyundai India raises vehicle prices

Hyundai India raises vehicle prices

Many companies in India have hiked prices in recent months despite a slowdown in car sales.

  • Reuters
  • Last Updated: February 1, 2013, 5:58 PM IST
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Mumbai: Hyundai Motor Co's India unit, the country's second biggest carmaker, said it raised vehicle prices by up to Rs 20,878 due to an increase in input costs and currency fluctuations.

Many companies in India, including No.1 carmaker Maruti Suzuki Ltd and the local unit of General Motors Co, have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins.

Hyundai India had also raised vehicle prices in November.


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