With the increasing inflation and decreasing Rupee, auto manufacturers are increasing the prices of their various models. Maruti Suzuki had already announced the increment.Hyundai has also announced the hike in prices of all its models, effective from January 2012.
"The pressure of rising inflation, higher fuel costs and sharp rupee depreciation has compelled us to look at a price increase on our models. All these factors have now made it very difficult for us to absorb the rising costs. The price increase will come into effect in January 2012, we are in the process of working out the specific increase on the various models. Broadly the increase will be 1.5 to 2% across all models,” commented Mr. Arvind Saxena -Director Marketing and Sales, Hyundai Motor India Ltd.
