Hyundai Motor India has announced to increase prices of its models from January 1, 2024. The company announced the price increase owing to rising input costs, adverse exchange rates and an increase in commodity prices, amongst other reasons.
Commenting on the price hike, Tarun Garg, COO, Hyundai Motor India, said, “At Hyundai Motor India, we always try to absorb the cost escalations to the extent possible and ensure continuous customer delight. However, it has now become imperative to pass on some portion of the rising input cost to the market through a minor price increase. The price hike will be effective from January 1st, 2024.”
In other news, Hyundai has announced its support to the flood-affected victims. In an official statement, the company said, “Hyundai’s onsite teams are working along with state government authorities to deliver emergency relief, including food, water, shelter, medical assistance and other essential commodities to affected communities.”
Hyundai has also announced a host of year-end offers for some of its models, such as the Verna, Tucson, Alcazar, and others, which get discounts and other benefits worth up to Rs 1.5 lakh in December.
