Hyundai Motor's India unit raises vehicle prices
Feb 1 (Reuters) - Hyundai Motor Co's India unit, the country's second biggest carmaker, said it raised vehicle prices by up to 20,878 rupees ($390) due to an increase in input costs and currency fluctuations.
Many companies in India, including No.1 carmaker Maruti Suzuki Ltd and the local unit of General Motors Co , 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. ($1 = 53.1900 rupees) (Reporting by Aradhana Aravindan; Editing by Anand Basu)
- Atheists face death in 13 countries, global discrimination: study
- Missouri executes man for killing good Samaritan motorist in 1994
- Focus turns to Thai military, anti-government protesters tell them to pick sides |
- Google executives' planes saved millions in costs due to error - NASA
- Apple scores legal victory over Samsung in South Korea