Hyundai to raise car prices by up to Rs.20,000

[Technoglitch]

Hyundai Motor India said it will increase prices of its vehicles by up to Rs.20,000 from August 16 to offset rising input costs and impact of rupee depreciation.

“The rupee depreciation and increase in raw materials cost have impacted our overall costs. We have been absorbing most of the costs but now we are compelled to consider the price increase,” Rakesh Srivastava, Sr. Vice President (Sales and Marketing) at Hyundai Motor India said.

He added that the increase, effective from August 16, will be in the range of Rs.3,000 to Rs.20,000 across models.

Hyundai to raise car prices by up to Rs.20,000 - BUSINESS - The Hindu

 

[Abhishek123]

Bad Move

 

[Devesh]

Im not interested.

 

[Technoglitch]

Im not interested.

you already own one car bhai

 

[Devesh]

you already own one car bhai

Thats why im not interested.

 

[IndianMascot]

They are acting smart and increasing the prices as GST implementation will reduce cost for consumers.

 

[scorpionking76]

Initially will go up since centre has to compensate the state for revenue loss.

This hike i guess is for adding safety airbags as standard in cars

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