Hyundai Motors India Limited, the largest passenger car exporter and the second largest car manufacturer, has announced the hike in prices of all models.
The hike in Hyundai car prices is applicable on all the Hyundai models- Eon, Santro, i10 and the i20 in the A2 segment; Accent and Verna in the A3 segment; Elantra in the A4 segment; Sonata in the A5 segment and Santa Fe in the SUV car segment. There will be an increase in price of upto Rs.5000.
Mr. Rakesh Srivastava, Vice President - National Sales and marketing, Hyundai Motor India Ltd., said, "The price increase has been necessitated by a variety of input costs. We have tried to minimize the price increase to cause less inconvenience to our valued customers."
The price hike would be effective from 1st November 2012.