Hyundai Motor's India unit raises vehicle prices
REUTERS - Hyundai Motor Co's(005380.KS) India unit, the country's second biggest carmaker, said it raised vehicle prices by up to 20,878 rupees due to an increase in input costs and currency fluctuations.
Many companies in India, including No.1 carmaker Maruti Suzuki Ltd (MRTI.NS) and the local unit of General Motors Co(GM.N), have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins.
Hyundai India had also raised vehicle prices in November.
(Reporting by Aradhana Aravindan; Editing by Anand Basu)
- Tweet this
- Share this
- Digg this
- UPDATE 1-Apple to unveil new iPads, operating system on Oct. 21 - report
- Scotland's independence vote: How will the results come?
- HIGHLIGHTS - Fed chief Yellen's remarks at press conference
- Genetic history of modern Europeans a tangled tale, research finds
- Rapper Lecrae leads debut-filled top ten of Billboard 200 chart
The Federal Reserve renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. Article | Factbox
China cenbank injects $81 bln into major banks to support economy - reports Full Article