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Rediff.com  » Business » Hyundai Motor to hike prices of all models

Hyundai Motor to hike prices of all models

October 10, 2012 15:33 IST

MoneyHyundai Motor India Limited on Wednesday announced a proposed increase in the prices of all its models.

The company has not indicated the exact rise in prices of its models. The price increase will come into effect within a couple of weeks.

Commenting on the price hike Rakesh Srivastava, vice president, National Sales and marketing, Hyundai Motor India Ltd., said, "The price increase has been necessitated by a variety of cost push factors like increase in raw material prices and freight increase.

"We have tried to minimise the hike so as to cause less inconvenience to our valued customers."

Mahesh Kulkarni in Bengaluru
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