Price of Hyundai cars up
Posted on: 06/Aug/2016 5:22:06 PM
One of the leading automobile manufacturers in the country, Hyundai Motor India has decided to increase the prices of all its car models.
In a press report released yesterday (Friday, 5th August), the price revision for cars of all models will be effective from 16th August.
Depreciation of Indian Rupee and increase in manufacturing costs are the main reasons for this price rise.
The Vice President of Sales and Marketing, Mr. Rakesh Shrivasthava indicated that depreciation of Indian currency and price rise of raw materials have a vital impact on the total expenditure.
The price rise may be of the order of Rs. 3000/- to Rs. 20000/- and this would be applicable to all models. Though the company bore the additional expenses in most part, the prices had to be increased due to unavoidable reasons. This revised price would be effective from 16th August.
