Hyundai To Hike Car Prices From January
If you were planning to buy a. The price hike in January is mostly cyclical as most carmakers revise their pricing upon the turn of the year.
Here is what Hyundai said on the announcement.
Press Release:
New Delhi, December 20, 2018: Hyundai Motor India Ltd. (HMIL), the country's largest passenger car exporter and second largest car manufacturer since inception today announced a price increase up to Rs 30,000 on account of increase in input costs. The new prices will be effective from January 2019 across all models.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the second largest car manufacturer and the number one car exporter since inception in India. It currently has ten car models across segments andndash; EON, All New SANTRO, GRAND i10, ELITE i20, ACTIVE i20, XCENT, VERNA, ELANTRA, CRETA andamp; TUCSON. HMIL's fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities.
HMIL forms a critical part of HMC's global export hub. It currently exports to around 88 countries across Africa, Middle East, Latin America, Australia and Asia Pacific. To support its growth and expansion plans, HMIL currently has 491 dealers and more than 1,310 service points across India. In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million-dollar Randamp;D facility in Hyderabad. The Randamp;D centre endeavours to be a center of excellence in automobile engineering.
By Shourya Harwani December 21, 2018 at 01:52AM
No comments