Hyundai Motor India Ltd. announced a price increase up to 2%. The revised prices to be implemented from beginning of next year.
Rakesh Srivastava, Director – Sales & Marketing, HMIL said, “We have been absorbing the increase in input and material costs but now are constrained to increase the prices up to 2%.”
Earlier Tata Motors said that it would be increasing prices ofits entire passenger vehicles range by up to INR. 25,000, starting January 2018. This increase in price is due to rising input costs.