Hyundai India announces 3% price hike from April

Srinagar, Mar 19: Hyundai Motor India Limited (HMIL) announced today that it will increase prices across its vehicle lineup by up to 3% beginning next month, citing escalating input costs, rising commodity prices, and higher operational expenses.

A statement said that the price adjustment, which takes effect in April 2025, will vary depending on specific models and variants in the company’s portfolio, potentially affecting thousands of prospective car buyers across the country.

Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, explained the company’s decision: “At Hyundai Motor India Limited, we strive to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment.”