New Delhi Dec 20 (IANS) Hyundai Motor India (HMIL) on Wednesday announced a price increase of up to 2 per cent effective from the "beginning of next year".
Commenting on the Price increase HMIL Director (Sales and Marketing) Rakesh Srivastava said: "We have been absorbing the increase in input and material costs but now are constrained to increase the prices up to 2 per cent."
On Tuesday Nissan Group of India had announced an upward price revision across its Nissan and Datsun range of models by up to Rs 15 000 effective January 1.
Last week Mahindra & Mahindra (M&M) Volkswagen India and Maruti Suzuki India had said they will increase prices.
Earlier Tata Motors had said it will increase the prices of its entire passenger vehicle range by up to Rs 25 000 starting from January to offset the impact of rising input costs.
Ford India had also said it will hike the prices of all its vehicles by up to 4 per cent from January 1.
--IANS
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