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</p><p>&nbsp; <u><a target="_blank" rel="nofollow" href="https://carhunt.in/Brand/Hyundai">Hyundai Motor India Ltd. (HMIL)</a></u>, the country’s largest passenger car exporter and second largest car manufacturer, announced the price hike across its entire stable from the most affordable <u><a target="_blank" rel="nofollow" href="https://carhunt.in/Hyundai/Eon">Eon</a></u> to its flagship model <u><a target="_blank" rel="nofollow" href="https://carhunt.in/Hyundai/Santa_Fe">Santa Fe</a></u>&nbsp;in the country, effective from 16th August. The hike will be between Rs 3,000 to Rs 20,000 depending on the model.</p><p>&nbsp; The move was very much anticipated like last year when Hyundai announced hike immediately after <u><a target="_blank" rel="nofollow" href="https://carhunt.in/Brand/Maruti_Suzuki">Maruti Suzuki</a></u> made announcement. This year too Maruti Suzuki had just <u></u>announced <u><a target="_blank" rel="nofollow" href="https://carhunt.in/News/Maruti_Suzuki_hike_prices_across_its_entire_range_by_Rs_1500_to_20000">hike of up to Rs 20,000</a></u> few days back and following it soon came the news from Hyundai for the same which seems like they were just waiting for the former to make the announcement. Commenting on the price hike, Mr. Rakesh Srivastava, Senior Vice President, Sales and Marketing said, "The rupee depreciation and increase in raw materials cost have impacted our overall costs. We have been absorbing most of the costs but now we are compelled to consider the price increase. We will be increasing the prices from August 16, 2016 by Rs. 3,000 to Rs. 20,000 across models."</p><p>&nbsp; Hyundai products range start from Rs 3.25 lakh for Eon and goes all the way covering <u><a target="_blank" rel="nofollow" href="https://carhunt.in/Hyundai/Elite_i20">Elite i20</a></u>, <u><a target="_blank" rel="nofollow" href="https://carhunt.in/Hyundai/Verna">Verna</a></u>, <u><a target="_blank" rel="nofollow" href="https://carhunt.in/Hyundai/Creta">Creta</a></u> and many to Rs 31.75 lakh for Santa Fe in Delhi (ex-showroom). Also companies are to be believed then rise to due to increased production costs. Hyundai is all geared up with the launch of the all new <u><a target="_blank" rel="nofollow" href="https://carhunt.in/News/Bookings_commence_for_the_all_new_2017_Elantra_launch_soon">2016 Elantra</a></u> whose <u></u>bookings have started<u></u> already<u></u>. Talking about the growth and performance of the company then it's running at full capacity at the Chennai facility due to high domestic and export demands of its popular products like the <u></u>Creta, Elite i20 and&nbsp;<u><a target="_blank" rel="nofollow" href="https://carhunt.in/Hyundai/Grand_i10">Grand i10</a></u>. Also in recent times only, Hyundai, the highest exporter in the country, got to a milestone of exporting 2 million cars from its Chennai facility!</p><p></p>