Business

Hyundai To Hike Prices Of All Models From August, Except Creta

NEWS WORLD INDIA | 0
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| July 25 , 2015 , 12:24 IST
Hyundai Motor India Ltd (HMIL) will increase car prices across all models, excluding that of sports utility vehicle Creta, by up to Rs 30,000 from next month in view of rising input costs. hyundai creta The price increase would come into effect from August 1, HMIL said in a statement. ALSO READ: Hyundai Launches SUV Creta Priced At 8.59 Lakh In 3 Engine Variants The company sells a range of cars, including small cars-- Eon, i10, sedans Verna and Sonat -- and premium sports utility vehicle Santa Fe in India, priced between Rs 3.08 lakh and Rs 30.21 lakh (ex-showroom Delhi). ALSO READ: Maruti S-Cross And Hyundai Creta Microsites Introduced As Launches Near "The hike has been necessitated by increase of input costs. We have been absorbing most of the costs but now we are constrained to consider the price rise in these challenging market environment," HMIL, Senior Vice President - sales and marketing, Rakesh Srivastava said. Earlier this week, the company launched Creta at an introductory price range of Rs 8.59 lakh and 13.6 lakh (ex-showroom Delhi).