Hyundai Motor India said that it will be increasing the prices by up to Rs 15,000 across models from August 16 to offset rising input costs and impact of rupee depreciation.

Rakesh Srivastava, Hyundai Motor India Ltd Senior Vice-President (sales & marketing) said that ” The rupee depreciation and the increase in input costs have impacted our overall cost. We have been absorbing most of the cost. Now, we have been compelled to increase prices.”

He further said that the increase in prices will be ranging from Rs 3,000 to Rs 15,000 across models and added that ” we are currently working out the details.”

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