Srinagar, Dec 20: Hyundai Motor India Ltd, second largest car manufacturer in India, today said it will increase prices of all its models from January, 2012.
 “We are in the process of working out the specific increase on the various models,” said Arvind Saxena -Director Marketing and Sales, Hyundai Motor India Ltd in an e-mail to Greater Kashmir.
 About the quantum of increase, Sexana said: Broadly the hike will be 1.5 to 2 per cent across all models.
 Sexana said: “The pressure of rising inflation, higher fuel costs and sharp rupee depreciation have compelled us to look at a price increase on our models.”
 “All these factors have now made it very difficult for us to absorb the rising costs,” he added.
 Sexana said the price increase will come into effect in January 2012.

Lastupdate on : Tue, 20 Dec 2011 21:30:00 Makkah time
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