Mumbai5 minutes ago
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Hyundai vehicles will become costlier by up to Rs 25,000 from the new year. The company has decided to increase the prices due to increase in input costs, exchange rates and logistics. The increased rates will be applicable on all models of the company from January 1, 2025.
Tarun Garg, Whole-Time Director and Chief Operating Officer, Hyundai Motor India Limited (HMIL), said, ‘Our endeavor at the company has always been to absorb the rising costs as much as possible, so that our customers are not impacted. However, due to continuous increase in input costs, it has become necessary to make minor adjustments in prices.
Hyundai’s sales decreased by 7% and exports by 20% in November.
Huawei sold a total of 61,252 units in November, which is 7% less than the same period last year. In November last year, the company had sold 65,801 vehicles.
At the same time, this decline in the domestic market is of 2%. The company sold 49,451 cars in the Indian market in November 2023, which decreased to 48,246 in November 2024.
Apart from this, there was a 20% decline in the company’s exports last month. The company has been able to sell only 13,006 vehicles in the foreign market in November this year compared to 16,350 last year.
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