Hyundai to hike car prices by up to Rs 30,000 from August

Hyundai Motor India Ltd (HMIL) will increase car prices across all models, excluding that of sports utility vehicle Creta, by up to Rs 30,000 from next month in view of rising input costs. The price increase would come into effect from August 1, HMIL said in a statement. The company sells a range of cars, including small cars-- Eon, i10, sedans Verna and Sonat and premium sports utility vehicle Santa Fe in India, priced between Rs 3.08 lakh and Rs 30.21 lakh (ex-showroom Delhi).

The hike has been necessitated by increase of input costs. We have been absorbing most of the costs but now we are constrained to consider the price rise in these challenging market environment, HMIL, Senior Vice President sales and marketing, Rakesh Srivastava said. Earlier this week, the company launched Creta at an introductory price range of Rs 8.59 lakh and 13.6 lakh (ex-showroom Delhi).