arrow-left

Hyundai to increase prices from January

  • India Infoline News Service |
  • 16 Dec, 2022 |
  • 8:19 AM

Hyundai Motor India Ltd. announced on Thursday that starting in the following month, all of its car pricing will increase due to growing input costs.

The business follows other automakers, including market leader Maruti Suzuki India, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India, and MG Motor, in announcing that they will increase prices beginning in January to partially offset the effects of increased input costs.

The company has continued to absorb rising costs, but in a statement, Hyundai Motor India Ltd (HMIL) said, "The company will now pass on a part of the input cost rise through a modification in prices throughout its model range."

It stated that new prices for the HMIL model range would take effect in January 2023 but did not specify the extent of the anticipated price increase.

In order to minimise the price impact on clients, HMIL promised to "continue to make persistent internal efforts."

For feedback and suggestions, write to us at editorial@iifl.com


Invest wise with Expert advice

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth based investment options
  • One tap Investments, Automated trading & much more
ad IconAd Image

Most Read News

No Record Found

Most Shared News

No Record Found