Hyundai India to raise car prices by 1-1.2%

Auto major Hyundai Motor India today said it would be increasing the prices of its products by up to 1.2 per cent across all models, from September 1.

This increase is because of the rise in input costs, the company said in a press release issued here.

Announcing the hike in prices, Hyundai Motor India's Director (Marketing & Sales) Arvind Saxena said: "There has been an increase in the input costs for car manufacturers. We have tried to absorb as much of the cost as we can, to cause as less inconvenience as possible to our valued customers."

Hyundai Motor India (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC), South Korea, and is the largest passenger car exporter and the second largest car- manufacturer in India.

The company currently markets six models of passenger cars across segments.