Tag - Hyundai price increase January 2025

Hyundai Motor India has announced a price hike for all its car models starting January 1, 2025. The increase, ranging up to INR 25,000, is due to rising input costs, unfavorable exchange rates, and higher logistics expenses. Why the Hike? Hyundai has been absorbing these rising costs to minimize the impact on customers. However, with continuous cost escalation, the company finds it necessary to pass on a part of this increase. Tarun Garg, Whole-time Director and Chief Operating Officer at Hyundai Motor India, stated, "Our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in input cost, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment." Models Affected The price hike will affect all Model Year 2025 (MY25) vehicles, including popular models like the Creta, Venue, Grand i10 Nios, and Verna. Hyundai aims to maintain its commitment to quality and innovation while managing these economic challenges. Previous Price Hikes in 2024 This isn't the first time Hyundai has adjusted prices this year. In January 2024, the company raised prices across its model range due to similar reasons: rising input costs and unfavorable exchange rates. The earlier hike was relatively modest, but it set the stage for the upcoming adjustment. Industry Trends Hyundai is not alone in this move. Other automakers, including Mercedes, Audi and BMW, have also announced price hikes due to similar reasons. This trend reflects the broader challenges faced by the automotive industry in managing rising costs. Customer Advice For customers planning to buy a Hyundai car, it might be a good idea to finalize purchases before the end of the year to avoid the upcoming price increase. Hyundai continues to offer a range of vehicles that cater to various customer segments, ensuring there's something for everyone. Also Read: Hyundai Tucson scores top 5 stars safety rating at Bharat NCAP Crash Tests