Hyundai Motor India Ltd. on Wednesday announced hike in the prices of its cars due to rising input costs. Effective from February 1, the price increase across all models will be between one and 1.5 per cent, with the maximum increase being Rs.9,000. According to HMIL Director (Sales and Marketing) Arvind Saxena: “The hike in car prises was necessitated due to the rising input costs, especially that of commodities like steel.” HMIL move follows that of other recent announcements by various carmakers, including Maruti Suzuki, to increase prices of their cars due to rising input costs.
