Hyundai Motor India Ltd (HMIL) has officially announced that it will implement a price increase of up to 3% across its vehicle lineup, effective April 2025. This marks the second price revision by the automaker this year, following a hike in January. The company cites rising input costs, increased commodity prices, and higher operational expenses as the primary reasons for the upcoming adjustment.

Impact on Hyundai Models and Variants

The price increase will not be uniform across all Hyundai models but will vary depending on the specific variant and vehicle type. While Hyundai has not disclosed the exact price increase for each model, customers can expect adjustments based on the segment, features, and production costs associated with each vehicle.

Reasons Behind the Price Hike

Hyundai has attributed the price revision to multiple economic and market factors, including:

Increased Input Costs: The rising costs of raw materials such as steel, aluminum, and semiconductor components have contributed to higher production expenses.

Commodity Price Fluctuations: Market-driven changes in the cost of essential commodities have further strained the company’s cost structure.

Higher Operational Expenses: Logistics, labor, and energy costs have seen a steady increase, making it difficult for manufacturers to absorb these costs without passing some burden onto customers.

Official Statement from Hyundai Motor India

Commenting on the development, HMIL Whole-time Director and Chief Operating Officer Tarun Garg stated:

“At Hyundai Motor India Ltd, 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.”

Despite the price hike, Hyundai reassures customers that it remains committed to cost efficiency measures within its operations to minimize any further financial burden.

Previous Price Hike in January 2025

This latest increase follows a prior price adjustment in January 2025, when Hyundai raised vehicle prices by up to Rs 25,000 across its model range. The earlier hike was attributed to rising input costs, unfavorable exchange rates, and increased logistics expenses. The continued trend of cost escalations has necessitated another round of price corrections.

Hyundai’s Current Vehicle Lineup & Pricing

Hyundai offers a diverse range of vehicles in the Indian market, catering to various segments from hatchbacks to premium SUVs and electric vehicles. As of now, Hyundai’s lineup includes:

Hatchbacks: Grand i10 NIOS (starting at Rs 5.98 lakh, ex-showroom)

Sedans: Hyundai Verna

SUVs: Creta, Venue, Tucson

Electric Vehicles: IONIQ 5 (priced up to Rs 46.3 lakh, ex-showroom)

The new price adjustments will reflect on these models starting in April 2025.

Conclusion

Hyundai’s decision to increase prices comes in response to broader industry challenges, including inflationary pressures and supply chain disruptions. While the company is working to mitigate cost impacts internally, the latest price hike is seen as a necessary move to sustain business operations efficiently. Customers planning to purchase a Hyundai vehicle might consider booking their preferred model before the price increase takes effect in April.