Hyundai Motor India Ltd. (HMIL), the country’s largest passenger car exporter and second largest car manufacturer today announced a proposed price increase across all its models up to Rs 1,00,000.
Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “In these challenging year end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses. The proposed price increase will be up to Rs. 1,00,000 and will be effective from January 2017 across all models from Eon to Santa Fe.”
