- Hyundai has announced the price rise is a result of rising input costs, increased commodity prices, and higher operational expenses, among other factors.
Hyundai Motor India Ltd. (HMIL) has announced that prices of its passenger vehicles will increase by up to three per cent with effect from April 2025. The South Korean automaker said the price rise is a result of rising input costs, increased commodity prices, and higher operational expenses, among other factors. The quantum of the price hike will depend on the model and variant.
Hyundai Cars To Get More Expensive
Hyundai is the latest in line of automakers to announce price hikes across their respective lineups. Previously, Tata Motors and Kia announced a price increment from next month onwards. Other automakers also cited rising input costs as the reason behind the price hike.
Also Read : Kia to hike prices by 3% from 1st April. Here’s which cars will get more expensive
Commenting on the development, Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, “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. The price increase will be effective in April 2025. We remain committed to making consistent internal efforts to minimise any future impact on our valued customers.”
Hyundai has a wide range of offerings available in India. The brand’s range starts with the Grand i10 hatchback, followed by the Exter, Venue, Creta, Alcazar, Tucson, Ioniq 5, and more. The price hike is also likely to make the new Hyundai Creta EV more expensive.
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First Published Date: 19 Mar 2025, 17:09 PM IST
