Hyundai Motor India would be increasing the prices of its products by up to 1.2% across all models, from the 1st of September 2010. This increase is attributed to the increase in input costs. The Verna Transform (read road test here) is the latest offering from the Hyundai stable and the i10 and the i20 have certainly brought in the moolah for the company. Since the rise is across segments, the costs will of course still compete with the other manufacturers but only time will tell if the costing has made any difference to the sale of the car.
Announcing the hike in prices, Mr. Arvind Saxena, Director, (Mktg. & Sales) Hyundai Motor India Ltd 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 certainly has its share of fans and a faint rise in the rise should not worry these enthusiasts.
