Hyundai Motor India Limited (HMIL) has announced that it will implement a price hike across its entire model range, effective January 1, 2025. The price increase is driven by rising input costs, unfavorable exchange rates, and higher logistics expenses.
Commenting on the decision, Mr. Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, stated, “At Hyundai Motor India, we always strive to absorb rising costs as much as possible to minimize the impact on our customers. However, due to the continued increase in input costs, it has become necessary to pass on a portion of this escalation through a small price adjustment.”
The price increase, which will apply to all models, will range up to Rs 25,000 and will be effective from January 1, 2025, for all MY25 models.
