Owning a Hyundai car now gets dearer. Hyundai Motor India Limited. (HMIL), India’s second largest manufacturer of cars, recently announced a price hike across all its models, from Eon to Santa Fe with immediate effect. The price hike comes in the wake of increase in input cost and instability in currency.
Talking on the price hike, Mr. Rakesh Srivastava, VP - Sales and Marketing, HMIL commented, “On account of rise in input cost and fluctuation in currency, the price hike has been necessitated. We have increased the prices in the range of Rs.4201 to Rs. 20,878 across all the models. We have tried to absorb the maximum cost to minimize the price increase to cause less inconvenience to our valued customers.”
From February 1, 2013, Hyundai Eon (petrol/LPG) prices have been increased by Rs. 5,000, Santro (petrol/LPG) has got dearer by another Rs. 4,201, i10 (petrol/LPG prices have increased by Rs. 5,000, i20 petrol prices have gone up by Rs. 8,658 and diesel by Rs. 5,708, Verna petrol price has soared by Rs. 8,500 and diesel by Rs. 6,453, Elantra petrol gets expensive by another Rs. 13,212 and diesel by Rs. 12,631, Sonata petrol price increased by Rs. 17, 187 and Santa Fe diesel prices by another Rs. 20.878.