Hyundai Motor India Ltd. (HMIL) announced a price hike of up to 2%, to be effective from June 2018. The revised prices will be applicable for all Hyundai cars except the newly launched 2018 Creta.
The company said that they’re simply passing on the increase in input costs including the freight increase due to hike in fuel prices to the customers.
Rakesh Srivastava, Director – Sales & Marketing, HMIL, said – “We have been absorbing the increase in input costs with increase in commodity prices, freight increase with hike in fuel prices and also the increase in custom duties of certain components. We are now constrained to pass the same to customers in our products with increase up to 2% from June 2018.”
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