Hyundai raises vehicle prices in India

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.