TIL Desk/Business/New Delhi-Hyundai Motor India Ltd, on Friday, said it will increase prices by up to Rs 15,000 across models from August 16 to offset rising input costs and impact of rupee depreciation.
“The rupee depreciation and the increase in input costs have impacted our overall cost. We have been absorbing most of the cost. Now, we have been compelled to increase prices,” Hyundai Motor India Ltd (HMIL) senior vice-president (sales & marketing) told.
The increase in prices will range from Rs 3,000 to Rs 15,000 across models, he said, adding that “we are currently working out the details”. He further said the price hike will be effective August 16, 2016. HMIL sells a range of vehicles starting from entry-level small car Eon to premium SUV Santa Fe, which are priced between Rs 325,000 and Rs 31.75 lakh.
