Hyundai Announces Vehicle Price Hike in India

Hyundai Motor India Ltd is set to increase the prices of its vehicles by up to Rs 12,800 starting next month, attributing the rise to escalating costs and operational expenses.

Hyundai Motor India Ltd has announced a planned increase in vehicle prices, with some models seeing a rise of up to Rs 12,800. This adjustment is set to take effect next month and will vary according to the specific model and variant.

The company cited rising input costs, commodity prices, and operational expenses as the driving factors behind this decision. Despite efforts to manage costs, Hyundai stated it must pass some increases on to customers through this nominal price adjustment.