Hyundai India have announced a price hike of up to 3% across their entire product range, effective from April 1, 2025. This decision comes as a response to the escalating costs of raw materials and ongoing supply chain challenges. The quantum of price increase will vary basis the variants
The announcement follows a trend seen across the automotive industry, with manufacturers grappling with rising input costs. Hyundai India, known for their popular models like the Creta, Venue, and i20, aims to balance the impact of these increased costs with its commitment to delivering value to customers.
Reasons For The Price Hike
According to Hyundai India, the primary drivers behind the price adjustment are:
- Rising Commodity Prices: The cost of essential raw materials used in vehicle manufacturing has seen a significant increase.
- Escalating Supply Chain Costs: Global supply chain disruptions continue to impact production and logistics, leading to increased expenses.
Commenting on the development, Mr. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said:
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.
Impact On Hyundai Customers
Hyundai India has emphasised its efforts to mitigate the impact of the price hike on its customers by absorbing a portion of the increased costs. However, potential buyers should be prepared for a price increase of up to 3% on their chosen Hyundai model.
- Customers planning to purchase a Hyundai vehicle are advised to finalise their purchase before April 1, 2025, to avoid the price hike.
- The exact increase will vary depending on the model and variant.
- This price rise falls in line with other car manufacturers increasing their prices due to rising costs.
Also Read: Kia India Announce Up To 3% Price Hike Across Lineup From April 2025
This price adjustment reflects the ongoing challenges faced by the automotive industry and underscores the impact of global economic factors on consumer prices. Hyundai India’s move mirrors similar adjustments made by other leading automakers such as Maruti Suzuki and Kia in response to these pressures.
Also Read: Maruti Suzuki Announce Third Price Hike In 2025 – Effective April 1
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