Hyundai joins Maruti, Tata in increasing car prices from January

Hyundai Motor India on Tuesday said it will increase prices of its entire product range from next month to primarily offset impact of rising input costs.

"The extent of price increase may vary for different models and fuel types," Hyundai Motor India Ltd (HMIL) said in a statement.

The company, however, did not share details of model wise price change.

The increase has been necessitated on account of rise in input and material costs, it added.

The company is working out on details and would share the details of the model wise price hike later this month.

Maruti Suzuki and Tata Motors have already announced to hike prices from January.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel