Hyundai India to hike prices of all models on August 16

India's second largest car maker and the biggest passenger car exporter Hyundai India has announced price hike across its model line-up, starting from Eon all the way up to Sante Fe. The price hike will be in the range of Rs 3,000 to Rs 20,000, depending on model.

Hyundai India's Senior VP of Sales and Marketing Rakesh Srivastava said that rupee depreciation and increase in raw material costs had impacted the company's overall costs. He also said that even though Hyundai absorbed most of the increased costs, it had been compelled to hike prices of all its models. He added that the price hike would take place from August 16 and it would be in the range starting from Rs 3,000 and going up to Rs 20,000.

Hyundai Motor India Limited or Hyundai India is a fully-owned subsidiary of Hyundai Motor Company. It has ten car models across various segments - Eon, i10, Grand i10, Xcent, Elite i20, i20 Active, Verna, Creta, Elantra and Santa Fe. It has a vehicle-making facility in Chennai. Hyundai India exports cars to 92 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific. Hyundai India has a Research and Development facility in Hyderabad to help the company provide cutting-edge technology in its products offered to customers.