Hyundai Motor India (HMIL) recently announced that it will hike prices of all Hyundai models, including the flagship \'Santro Xing', this month due to surge in the oil prices which has lead to increase in freight and logistical costs. Prices of raw materials like plastic and rubber have also risen in the recent past, pushing up production costs.

The increase will be in a range of 1-2% of the most entry-level compact cars. This price hike will also affect the prices of Hyundai vehicles in Nepal.