Hyundai to hike its car prices by 1.5 to 2% from January 2012

Hyundai India has got some bad news for its consumers. The firm is planning to hike its car prices by 1.5 to 2% by the month of January 2012. In the month of November 2011, Hyundai India has done pretty well in terms of its sales. It saw a decent growth of about 28% as compared to the November last year. Reason behind this decent growth in November is the launch of Hyundai i10 LPG. The car has surely contributed considerably in the sales of the company. Also, Hyundai Santro and Hyundai Eon sales proved to be upright. In addition to this, Hyundai India’s reliance on exports has certainly aided the firm to flee from sluggish car sales in India recently.

It is a well know fact that Hyundai is India’s second largest car maker and largest exporter. Similar to other car makers in the country, it is pretty crucial for Hyundai India to hike a bit of prices of its car range. The Korean auto major is also hit by the fluctuations of the rupee value and soaring input costs. However, the company acted smartly and tried its level best to overcome such issues and managed to show up pretty decent sales last month. Entire Indian car market was facing a sluggish period, but Hyundai India came out to be a winner here, despite of certain labour issues. Workers at the Hyundai India had been continuously annoying the car maker to call it a strike.

However, now the Indian consumers need to be prepared for the new hiked prices of on car models of Hyundai from January 2012. If you are amongst the people who are planning to buy a car on the occasion of New Year, we guess it’s time to change some plans! After all, who wants to buy a car with hiked costs?