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)
Trending On Reuters
Uber vs Ola
A flurry of complaints from Uber drivers about an unusually high number of cancelled bookings was the spark that ignited a bitter legal fight with Ola, Uber's rival for dominance of India's $12 billion taxi market, according to court documents and a source with direct knowledge of Uber's case. Article