Hyundai Hikes Prices By 1.2%; Would Others Follow?
Posted on September 2nd 2010Welcome back!
Are you on the verge of zeroing on to buy a Hyundai model?
If yes, get ready to shell out more to pocket Hyundai cars.
Yes, the auto biggie has decided to hike the price by a mere 1.2 % across all its models from September 1st.
The company has cited the rise in the input costs of manufacturing a car as the main culprit in increasing the price of its all product mix.
There has been an increase in the input costs for car manufacturers. We have tried to absorb as much as we can to cause less inconvenience to our valued customers and decided to pass on the remaining and also expects them to continue their revered support for us like before.
Arvind Saxena, director (Marketing & Sales), Hyundai India operations was quoted as saying while announcing the hike.
Hyundai Motors India (HMIL) is a fully owned subsidiary of Hyundai Motors Company (HMC), South Korea, and is the largest passenger car exporter and the second largest car-manufacturer in India after the Maruti Suzuki.
We are keeping our fingers crossed in anticipation of what would come as in the name of business move from the other pivotal players operating in the same league of business.
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By editor in Auto Finance, Auto India News, Auto Industry News, Hyundai