Hyundai Motor India Limited (HMIL) has announced a price hike across all its models effective from February 1, 2010.
The second largest car manufacturer in the country has claimed that a rise in input costs has resulted in the need to increase the price on all models from anywhere between 1-1.5 per cent of the vehicle cost, with the largest hike working out to Rs. 9,000/-.A better picture will be available next month once the price hike is effective.
Hyundai's decision to hike prices follows the recent announcements from other manufactures such as Maruti Suzuki India Limited, Ford India and General Motors India, all of whom have announced marginal price hikes across some of their models citing the same reason as rise in input costs.
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