Hyundai Motor India Ltd (HMIL) has announced a price increase of up to 3 per cent across its vehicle lineup, effective April 1, 2025. The company attributed the hike to rising input costs, increased commodity prices, and higher operational expenses.
“The extent of the price hike will vary depending on the model and variant,” HMIL said in a statement.
“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,” said Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL.
Hyundai’s announcement comes just days after Maruti Suzuki, the country’s largest carmaker, introduced a price increase of up to 4 per cent, citing similar cost pressures. Other major automakers are also expected to revise prices in the coming months citing the same reasons.
