Key highlights
- Hyundai Motor India Limited (HMIL) announces a price hike of up to 3%, effective April 2025.
- The increase is attributed to rising input costs, commodity prices, and operational expenses.
- The price adjustment will vary across models and variants, impacting both passenger and electric vehicles.
Hyundai Motor India Limited (HMIL), one of the leading automobile manufacturers in the country, has announced a price hike of up to 3% across its entire range of vehicles. The revised pricing will come into effect from April 2025. This marks the second price adjustment by the company this year, following a similar move in January.
Reason for the price hike for Hyundai cars?
The decision to increase prices is driven by rising input costs, higher commodity prices, and escalating operational expenses. Hyundai has stated that it has absorbed a significant portion of these costs to minimize the impact on customers. However, the sustained increase in expenses has made it necessary to pass on a part of the burden through a price adjustment.
Affected Hyundai models
The price hike will affect all models in Hyundai’s portfolio, including popular passenger vehicles like the Grand i10 Nios, Creta, and Venue, as well as electric models such as the Ioniq 5. The extent of the increase will vary depending on the model and variant. Hyundai has assured customers that it remains committed to delivering value and quality despite the price revision.
Other affected OEMs
Hyundai’s announcement comes at a time when several other automakers, including Maruti Suzuki, Tata Motors, and Kia India, have also announced price hikes starting April. The automotive industry is grappling with challenges such as fluctuating global supply chains and rising raw material costs, prompting manufacturers to revise their pricing strategies.
Despite the price hike, Hyundai continues to focus on innovation and customer satisfaction. The company is actively working on new product launches and technological advancements to strengthen its position in the Indian market.
Also read: Tata Motors to hike prices in April 2025