The ensuing festive season will see the cars from Hyundai and Toyota costing more. Hyundai has planned its price rise effective next month by 1.2% and the reason cited for the rise is high input cost. This will end up with Santro [images] and i10 [images] costing more by Rs3,500 on entry-level versions while the top end Sonata will get addition of Rs10000. The company’s Director for sales and marketing said that the company could not help increasing the price rise despite its best to contain it. Now the hike is handed over to the shoulders of the customers, he expressed helplessly. Hyundai is the second car maker, after Maruti, to raise the prices.
Maruti had effected a rise of 1.5% on its cars, barring Alto,from this month and the range goes from Rs7500. Toyota is also burning the midnight oil to increase the price of its cars. The range of Toyota includes Corolla Altis sedan [images], Fortuner [images] SUV and Innova [images]. While these cars are from the company’s Bangalore plants, it imports Camry [images] and Prado [images]. Toyota is planning to increase the prices from October, it is learnt. The rise is made as a result of the high cost in rubber, steel and other accessories. Another reason cited is the varied value of Yen and Toyota is yet to come out with exact amount of rise. The hike from other car makers may knock at any time and as of now no word is from any of other such car makers.