The Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. The company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, and its 100% owned luxury subsidiary Genesis Motors, altogether comprise the Hyundai Motor Group. It is the third largest vehicle manufacturer in the world.
Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea, which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 5,000 dealerships and showrooms.
Hyundai Motor India said it will increase vehicle prices by up to Rs 30,000 from next month in order to partly offset the impact of rising input costs. The new prices will be successful from January across all models, Hyundai Motor India said.
Hyundai sells a range of models, from Santro hatchback to SUV Tuscon priced between Rs 3.89 lakh and Rs 26.84 lakh (all prices ex-showroom Delhi).
Last week, Tata Motors, Ford India and Nissan India had announced plans to hike prices of their passenger vehicles.
Maruti Suzuki, Toyota Kirloskar, BMW, Renault, and Isuzu have also announced price hike from next month citing the impact of an increase in commodity prices and foreign exchange rates.
