Hyundai Motor India has announced plans to increase car prices by up to 3%, citing rising input costs and the impact of inflation on the automotive sector. The price hike will affect a range of models, with the company stating that the increase is necessary to offset the escalating costs of raw materials and components. The decision comes as the automotive industry grapples with supply chain disruptions, semiconductor shortages, and fluctuating raw material prices, which have all put pressure on manufacturers to raise
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