Gurugram: Hyundai Motor India Limited (HMIL) has announced a price increase of up to 3%, effective from April 2025. The automaker cited rising input costs, surging commodity prices, and escalating operational expenses as key reasons behind the decision.
The price adjustment will vary depending on the model and variant, impacting customers differently across the Hyundai portfolio.
Tarun Garg, Whole-time Director and Chief Operating Officer at HMIL, addressed the situation, stating, “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.”
Industry analysts suggest that rising material costs, including steel, aluminum, and other essential components, have been key drivers behind this decision. Additionally, logistical challenges and inflationary pressures are straining automotive manufacturers globally.
Hyundai Motor India Limited, one of the country’s leading car manufacturers, continues to prioritize customer satisfaction, with efforts to mitigate rising costs while ensuring product quality and innovation.
For customers planning to purchase Hyundai vehicles, the remainder of March 2025 offers an opportunity to secure their desired model at current prices before the adjustment takes effect.
