Hyundai Motor's India unit raises vehicle prices

Last Updated: Fri, Feb 01, 2013 11:50 hrs

Feb 1 (Reuters) - Hyundai Motor Co's India unit, the country's second biggest carmaker, said it raised vehicle prices by up to 20,878 rupees ($390) 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. ($1 = 53.1900 rupees) (Reporting by Aradhana Aravindan; Editing by Anand Basu)

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