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Maruti, Hyundai and other car makers to invest in India

Maruti, Hyundai and other car makers to invest in India

Automakers are expected to invest $8-10 billion (Rs 51,600-64,500 crore) in India over the next three-four years to set up factories and expand production in a market that is set to become the third-largest for passenger vehicles by the turn of the decade.The investment will boost production of cars, utility vehicles and vans in India

Hyundai to increase prices across models

New Delhi: Automobile manufacturer Hyundai Motor India (HMIL) on Friday said that it will increase the prices of all models across its entire range from August 16. The company pointed out that the depreciation in rupee’s value and increase in input cost mandated the move. “The rupee depreciation and increase in raw materials cost have