Hyundai Motor India To Raise Vehicle Prices, i20,i10 Goes Up

 

The Indian unit ofHyundai Motor Co.said Thursday it will raise the prices of all its vehicle models by up to 1.2% Sept. 1 to offset higher input costs. 

"There has been an increase in input costs for car manufacturers," said Arvind Saxena, director in charge of

 marketing and sales atHyundai Motor India Ltd. "We have tried to absorb as much of the cost as we can." 

Hyundai, the second-largest car maker in India, produces small cars such as thei10 and i20 as well as the Verna and Sonata sedans.