Hyundai Motor India Ltd. (HMIL), the country’s second largest car manufacturer and the number one car exporter since inception today announced a price increase up to 2%. The revised prices to be implemented from beginning of next year.
Commenting on the Price increase, Mr. Rakesh Srivastava, Director – Sales & Marketing, HMIL said, “We have been absorbing the increase in input and material costs but now are constrained to increase the prices up to 2%.”
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the second largest car manufacturer and the number one car exporter since inception in India. It currently has nine car models across segments – EON, GRAND i10, ELITE i20, ACTIVE i20, XCENT, VERNA, ELANTRA, CRETA & TUCSON. HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities.