Hyundai Motor India Limited has announced a price increase of up to 3% across its model range, citing rising input costs, higher commodity prices, and increased operational expenses. The adjustment will vary based on model and variant.
19 Mar 2025 | 1277 Views | By Sarthak Mahajan
Hyundai Motor India Limited (HMIL) has announced a price increase of up to 3% across its model lineup, effective April 2025. The revision comes in response to rising input costs, higher commodity prices, and increased operational expenses. The extent of the price hike will vary depending on the model and ...
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Hyundai Motor India Limited (HMIL) has announced a price increase of up to 3% across its model lineup, effective April 2025. The revision comes in response to rising input costs, higher commodity prices, and increased operational expenses. The extent of the price hike will vary depending on the model and variant.
Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, stated that while the company has made efforts to absorb rising costs, sustained increases in operational expenses have necessitated a price adjustment. "We strive to minimize the impact on our customers, but given the continued escalation in costs, a minor price revision has become necessary. The increase will take effect from April 2025, and we remain focused on internal measures to mitigate future cost pressures," he said.
Hyundai's decision aligns with industry trends, where manufacturers are adjusting prices to offset higher production expenses. The revised pricing will be applicable across Hyundai dealerships nationwide.
Similiarly, Honda Cars India Ltd (HCIL) has also announced plans to implement a price increase across its entire model lineup beginning April 2025, adding to the growing list of automotive manufacturers in India that have recently revealed similar price revision strategies.
Honda's announcement follows similar moves by other major automotive players in the Indian market. Kia India recently implemented price increases across its vehicle range, while Tata Motors has announced a price hike for its commercial vehicles. Market leader Maruti Suzuki is also set to raise prices by up to 4% starting April.
Kia India's price revision, which took effect earlier this month, varied between 0.3% and 4.7% depending on the model and variant. The company cited a similar rationale, pointing to increased input and operational costs as the primary factors necessitating the price adjustment.
Tata Motors' commercial vehicle division has likewise announced price increases, with company representatives emphasizing that despite their best efforts to mitigate the impact of rising production costs, some portion of these expenses needed to be passed on to maintain sustainable operations.
Maruti Suzuki, India's largest car manufacturer, revealed plans for a price hike of up to 4% across its model range beginning in April. The company specifically mentioned rising overall input costs as the driving factor behind this decision.