Hyundai Motor India Limited (HMIL) has announced a price increase of up to 3%, effective April 2025. The revision is attributed to rising input costs, higher commodity prices, and increased operational expenses, among other factors. The extent of the price hike will vary depending on the model and variant.
Commenting on the development, Mr. Tarun Garg, Whole-time Director and Chief Operating Officer of Hyundai Motor India Limited, stated, “At Hyundai Motor India, we make every effort to absorb rising costs to minimize the impact on our customers. However, with sustained increases in operational expenses, a partial cost adjustment has become necessary. As a result, a minor price revision will take effect in April 2025. We remain committed to ongoing internal efforts to mitigate any future impact on our valued customers.”
This price adjustment aligns with an industry-wide trend of automakers revising prices to offset rising production costs.
