Hyundai Motor India Ltd. announced on Thursday that starting in the following month, all of its car pricing will increase due to growing input costs.
The business follows other automakers, including market leader Maruti Suzuki India, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India, and MG Motor, in announcing that they will increase prices beginning in January to partially offset the effects of increased input costs.
The company has continued to absorb rising costs, but in a statement, Hyundai Motor India Ltd (HMIL) said, "The company will now pass on a part of the input cost rise through a modification in prices throughout its model range."
It stated that new prices for the HMIL model range would take effect in January 2023 but did not specify the extent of the anticipated price increase.
In order to minimise the price impact on clients, HMIL promised to "continue to make persistent internal efforts."
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.