After Maruti and Tata, Hyundai increases car prices

Source :SIFY
Author :SIFY
Last Updated: Tue, Dec 10th, 2019, 22:33:18hrs
After Maruti and Tata, Hyundai increases car prices
New Delhi: Manufacturer of the popular Santro and i10 / i20 series, Hyundai Motor India, said that vehicle costs will be hiked.

In a statement announced on Tuesday, the company attributed the price-hike to rising input and material costs. Costs of the entire product range will be hiked.

"The extent of price increase may vary for different models and fuel types," Hyundai Motor India Ltd (HMIL) said.

The model-wise price-hike has not been mentioned. The company is expected to divulge additional details by the new year.

Previously Maruti Suzuki and Tata Motors had announced to hike prices from January. Other automakers such as Toyota, Mahindra, Mercedes-Benz have also been reportedly considering a price-hike. Costs of vehicles in general are expected to head north once BS VI norms kicks in from April 2020 onwards.

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