After BMW and Mercedes Benz, Hyundai also announced price hike on its entire range of models available in India. The price will increase starting from Hyundai Eon (Rs 3 Lakh approx) to Santa Fe (Rs 27 lakh approx).The price hike is estimated up to Rs 30,000 and will be applicable from January 1 2016.

Hyundai India Said that the increased price is due to the Increased input cost and they also said that the Indian Currency is deprecating which further adds to the need for price hike, Senior Vice President – Rakesh Srivastava  said “Challenging market conditions caused by increasing component costs along with the weakening rupee as reasons for the year-end announcement of the price hike”.