Hyundai Motor India to Hike Vehicle Prices by Up to Three Percent From April

The quantum of price increase will vary based on the variants and models.

By Press Trust of India | Updated: 19 March 2025 18:48 IST

Hyundai Motor India to Hike Vehicle Prices by Up to Three Percent From April

Photo Credit: Hyundai Motor India Limited

In January, Hyundai hiked the prices of its vehicles by up to Rs 25,000

Highlights

Hyundai is seeing higher operational expenses
The company calls this price hike a "minor price adjustment"
Hyundai is a prominent player in India's automobile sector

Hyundai Motor India Ltd (HMIL) on Wednesday said it will hike prices of its vehicles by up to three percent effective in April 2025, second time this year, citing rising input costs, increased commodity prices and higher operational expenses.

The quantum of price increase will vary based on the variants and models, Hyundai Motor India Ltd (HMIL) said in a statement.

The price increase is due to rising input costs, increased commodity prices and higher operational expenses, amongst other reasons, it added.

Hyundai Unveils Creta Electric in India With 473KM Claimed Range

"At Hyundai Motor India Ltd, 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," HMIL Whole-time Director and Chief Operating Officer Tarun Garg said.

The price increase will be effective in April 2025, he said, adding, "We remain committed to making consistent internal efforts to minimise any future impact on our valued customers." The company had, in January, hiked prices of its vehicles by up to Rs. 25,000 across its model range due to an increase in input costs, adverse exchange rate and rise in logistics costs.

HMIL sells a range of vehicles from hatchback Grand i10 NIOS to electric SUV IONIQ5 priced between Rs. 5.98 lakh and Rs. 46.3 lakh (ex-showroom Delhi).

Tata Motors Looks to Local Battery Play as EV Competition Rises

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.