Hyundai Motor India hikes prices

New Delhi, December 15, 2014: Hyundai Motor India Ltd. (HMIL), the country’s largest

passenger car exporter and second largest car manufacturer announced that it will be

increasing the prices across all its models in the month of Jan 2015.

Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and

Marketing said, “In these adverse market conditions, the price increase is necessitated on

account of increase in input costs, high cost of imports due to higher rupee depreciation and

high cost of sales. We have been absorbing most of the costs but are now constrained to

consider price increase across all models in the range of Rs. 5,000 to Rs. 25,000 which will

be effective from Jan 2015”

About HMIL

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently has ten car models across segments - Eon, Santro, i10, Grand i10, i20, Xcent, Verna, Elantra, Sonata and Santa Fe.

HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities. HMIL forms a critical part of HMC’s global export hub. It currently exports to around 120 countries across EU, Africa, Middle East, Latin America, Australia and the Asia Pacific. HMIL has been India’s number one exporter for the past eight years consecutively. To support its growth and expansion plans, HMIL currently has 405 dealers and more than 1,045 service points across India. In its commitment to provide customers with cutting-edge global technology, HMIL set up a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavors to be a center of excellence in automobile engineering.