Hyundai to hike Price upto 1 Lakh INR from January 2017
Following the suit of Nissan and Tata Motors, Hyundai Motor India has announced that it will be increasing the price across all models upto 1 Lakh INR (will be effective from January 2017 ). Today, Hyundai India made an official announcement proposing the price increase across all its models up to Rs 1,00,000.
Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said,
In these challenging year end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses. The proposed price increase will be up to Rs. 1,00,000 and will be effective from January 2017 across all models from Eon to Santa Fe.
Hyundai recently launched Tucson in India.
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