Hyundai Motor India has announced the price increase across its models starting from Eon to Santa Fe.
Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “The rupee depreciation and increase in raw materials cost have impacted our overall costs. We have been absorbing most of the costs but now we are compelled to consider the price increase. We will be increasing the prices from August 16, 2016 by Rs. 3,000 to Rs. 20,000 across models.”
Hyundai recently also launched the Creta Anniversary edition and also launched more variants of the SUV to increase its appeal to a larger customer base. Hyundai will launching 2 new products in the Indian market a executive sedan the new Gen Elantra and Tucson SUV which will be positioned above the Creta and below the Santa Fe.
Hyundai have posted strong sales in the last couple of months and has been riding high on the success of the Creta SUV and Elite i20 hatchback.