Hyundai cars in India will be costlier by 2 percent from January 2009. The company Managing Director spoke to the media at the launch ceremony of Hyundai i20. "We are carefully studying the option and will go for a price adjustment in January. We will try to keep the hike minimum. It will be around as much as we took in June this year,” he said.He also stated that the company will go for a hike on all its models due to the rise in the raw material prices, labour costs and other input costs.
The company launched its premium five-door hatchback model, Hyundai i20, on Monday priced at Rs. 4.8 lakh-5.8 lakh. It rolled out three variants of the new car - Magna at Rs 4,79,900, Asta at Rs 5,59,900 and Asta (O) at Rs 5,81,900, all ex-showroom Delhi. The new model will be manufactured at company’s Chennai facility. It expects to sell 15,000 units in the domestic market and export nearly 200,000 units to the overseas markets. It has already started exporting the car to the European markets in November. The new i20 has a 1.2-litre Kappa engine and will compete with Maruti’s Swift and General Motors’ U-VA.