Hyundai India Announces A Price Hike For Its Entire Product Line - Overdrive
n18

Hyundai India announces a price hike for its entire product line

11 Dec 2015 / 0

South Korean car manufacturer Hyundai has announced a price increase of upto Rs 30,000 for all vehicles in its product line in India. The company cited challenging marketing conditions as the reason for this increase in costs.

Hyundai Creta (6)

Rakesh Srivastava, senior vice president of sales and marketing at Hyundai Motor India, said in a statement, “In these challenging market conditions, we are constrained to consider the price increase on account of factors like increase in cost of components, weak rupee etc. The proposed price increase up to Rs 30,000 will be effective from January 2016 across all models including Elite and Creta.”

We will be getting a more detailed release on the exact increments on each model, and will update this page with the information shortly. So watch this space.

Press release - Hyundai Motor India hikes prices across all models

New Delhi, December 09, 2015: Hyundai Motor India Ltd. (HMIL), the country’s largest passenger car exporter and second largest car manufacturer today announced the price increase across all its models up to Rs 30,000.

Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “In these challenging market conditions, we are constrained to consider the price increase on account of factors like increase in cost of components, weak rupee etc. The proposed price increase up to Rs. 30000 will be effective from January 2016 across all models including Elite and Creta.”


To stay at the cutting edge of automotive news in India, follow Overdrive on Twitter (@odmag) or on Facebook (facebook.com/odmag). Or download our app from the iOS or Android app stores today.


Find your next car
OR
opinion
Shubhabrata Marmar
quote
23 Jun 2017
Income lax department
Should someone earning a living from a vehicle get priority at...
Bob Rupani
quote
15 Jun 2017
The lal batti and VIP culture
The government has banned the ‘lal batti’ or red beacon...