Hyundai Motor India to Hike Prices from August 2019

Hyundai Motor India to Hike Prices from August 2019

Hyundai Motor India Limited (HMIL) announced a price increase up to Rs 9,200 on account of increase in input costs due to new enhanced safety regulations mandated in cars by the government. The company said the new prices will be effective from August 1, 2019 across all models.

HMIL is a wholly owned subsidiary of Hyundai Motor Company (HMC) - it currently has ten car models across segments - Santro Grand i10, Elite i20, Active i20, Xcent, Verna, Elantra, Venue, Creta and Tucson. The company forms a critical part of HMC’s global export hub and currently exports to around 91 countries across Africa, Middle East, Latin America, Australia and Asia Pacific.