A day after country's largest car manufacturer, Maruti Udyog Ltd said it will hike prices of its products by up to Rs 12,000 next month, rival Hyundai also followed suit by saying it will revise prices upwards by 1-1.5 per cent.

"Details are being finalised at the moment but the price hike will be between 1 per cent and 1.5 per cent across all models," a company official said.

The price hike will include the recently launched Sonata Embera Diesel and the mid-sized sedan Verna--the introductory price for which was revised upwards earlier this month between Rs 3,500 and Rs 10,000.

While the Sonata Embera Diesel has been tagged at an introductory price of Rs 14.75 lakh (ex-showroom Delhi) Hyundai had said at the time of its launch that it would be revised later.

Verna is currently available at a price range of Rs 6.25 lakh and Rs 7.45 lakh and premium hatchback Getz is priced around Rs 4.6 lakh, while the flagship model Santro costs around Rs 3.45 lakh.

Maruti had announced that it would hike the price of its products by up to Rs 12,000 from February 1. Jagdish Khattar, managing director and CEO said the benefit of the price increased would be passed on to the dealers.

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