Hyundai Motor India Limited (HMIL) has announced plans to hike prices across its product line up in the country. Effective from 1 August, 2019, Hyundai cars will witness a price hike of up to Rs 9,200. However, the prices for the recently launched Kona Electric and the Venue will not be revised. The company attributes the hike in prices to increase in input costs due to implementation of new enhanced safety regulation mandate by the government.
Hyundai India is the largest car exporter and the second largest car manufacturer in the country. The current product line-up includes the Santro, Grand i10, Elite i20, Active i20, Xcent, Verna, Elantra, Venue, Creta and the Tucson. The model-wise price update will be known on 1 August.
The HMIL currently exports to around 91 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific. To support its growth and the expansion plans, HMIL currently has 494 dealers and more than 1,319 service points across India.