Hyundai India to hike car prices by up to 2 pc in June ~ Auto Guru India - Junction of News, Auto Reviews, Advice

May 22, 2008

Hyundai India to hike car prices by up to 2 pc in June

Hyundai Motor India Ltd., one of the major car manufacturers of the country, would be increasing the prices of its products by up to 2% across segments, from the first week of June 2008. This increase is attributed to the increase in input costs.

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMIL presently markets 30 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.

Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent, with exports of 126,748 units.

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