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South Korea's Hyundai Motor Co plans to raise the prices of its car models in India by up to 30,000 rupees ($448.60) starting in January.
In This Pic : Hyundai to raise car prices by up to Rs 30K
Pic Courtesy : BCCL
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"We are constrained to consider the price increase on account of factors like increase in cost of components, weak rupee etc," Rakesh Srivastava, senior vice president of sales and marketing at Hyundai Motor India Ltd, said in a statement.
In This Pic : Hyundai to raise car prices by up to Rs 30K
Pic Courtesy : BCCL
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India's car market, the world's sixth largest, is expected to grow to the number three position by 2020 as incomes rise.
In This Pic : Hyundai to raise car prices by up to Rs 30K
Pic Courtesy : BCCL
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