Hyundai India price increase by Rs 5000-20,000 wef January 2014
With the New Year just around the corner, automakers in the company are indicating price hike in the offing. Maruti Suzuki and Hyundai have already indicated intentions to raise prices from January, while other automakers may also follow suit.
Leading automakers in the country, Maruti Suzuki and Hyundai have announced price hike which will come into effect from January 2014. Other auto makers such as Mercedes, BMW, Audi and Honda have also announced price increases. Mahindra and Volkswagen have done the same and more automakers are expected to follow suit and will be making similar announcements in due course.
Automakers have cited depreciation of the rupee and rising input costs which have been steadily increasing and while the companies have been absorbing these for the past few months, they have now decided to pass on a part of this burden to customers.
Maruti Suzuki will be hiking prices by upto INR 10,000 across range, while Hyundai Motors is also planning similar price hikes. Mercedes Benz, on the other hand, which had announced price hikes earlier, will be increasing prices on all product across models by upto 10%.