Hyundai Motor India which is country's second-largest car-maker due to high inflation and the weak rupee will increase the prices of its vehicles by 1.5-2 percent by January next year.
Arvind Saxena, Director Marketing and Sales, Hyundai Motor India Ltd said, ``The pressure of rising inflation, higher fuel costs and sharp rupee depreciation has compelled us to look at a price increase on our models. All these factors have now made it very difficult for us to absorb the rising costs. The price increase will come into effect in January 2012, we are in the process of working out the specific increase on the various models. Broadly the increase will be 1.5 to 2 percent across all models."Automobile News
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