Hyundai India likely to hike car prices next month

Market sources suggest that Hyundai India is considering raising the prices of their cars sometime this month.

The price hike could be applied on most of their models including the recently launched Hyundai Verna.

Hyundai Getz Prime and Santro could also see a minor price hike next month. Sources suggest that Verna is almost sure to get a price hike though the extent of the hike is not yet decided.

Interestingly, Verna is struggling to compete against the Ford’s Fiesta model and faces new competition from the recently launched Maruti Suzuki SX4.

The company has not commented on these reports in the market. Hyundai did say that they have now identified ITI Guwahati for providing full assistance in training students under its corporate social responsibility program.