Hyundai Motor India today announced a price hike across all its models starting from Eon to Santa Fe. The price hike will be in the range of Rs 4000 and Rs 20,000 and will be effective from October 1. However, the recently launched Grand i10 is not included in this price hike. The company has taken this step due to rupee depreciation and high input costs.
“The rupee depreciation and inflationary trends have impacted our input costs. We have been absorbing most of the costs but now we are compelled to consider the price increase. We will be increasing the prices from October 01 by Rs 4,000 to Rs. 20,000 across models except our new model Hyundai Grand i10 which has been recently launched at an aggressive introductory price,” said Rakesh Srivastava, senior vice president, sales and marketing, Hyundai Motor India.