Automobile major Hyundai Motor India Monday announced that it will be increasing prices across all its models from Rs.5,000-to-Rs.25,000 from January 2015.
"In these adverse market conditions, the price increase is necessitated on account of increase in input costs, high cost of imports due to higher rupee depreciation and high cost of sales," said Rakesh Srivastava, senior vice president, sales and marketing, Hyundai Motor India.
Last week, General Motors and luxury automobile manufacturer BMW also announced price increases effective January.
