The country's second-largest car maker Hyundai Motor India is mulling over raising prices of all its models in the first week of April by up to Rs 5,000, a company official said.
"Hyundai will increase the prices in the first week of April," Hyundai Motor Regional Sales Manager Kumar Priyesh said, adding that the shift from BS III to BS IV standards was the main reason for the price rise.
"The price hike would be in the range of Rs 4,000-5,000. But the entire hike would not be passed on to the customers," Priyesh.
This would be the second price hike effected by the company after the announcement of Budget in February.
Meanwhile, the company is in the process of designing a small car for the Indian market in Korea.
He said that the car would have an engine capacity of 800cc.
Hyundai would also launch Santa FE in the SUV segment by October, this year, he said, adding, the SUV would be priced around Rs 20 lakh.
The company's plants at Chennai were working to full capacity manufacturing 6 lakh cars per annum, of which 3.2 lakh were exported.
The official said that as per plans, manufacturing base of i20 meant for the export market would be shifted from Chennai to Europe.
This, he said, would vacate some capacity at the Chennai plant.
Asked when the company was going to launch i30 in India, the official said that there were no such plans at the moment.
Priyesh said that i10 was the highest selling car from the Hyundai stable at the moment.
