Hyundai to hike prices by up to ₹25,000 from January 1, 2025
The Hindu
Hyundai Motor India Limited to increase vehicle prices by up to ₹25,000 from January 1, 2025 due to rising costs.
Hyundai Motor India Limited on Thursday (December 5, 2024), said it will increase prices of its vehicles across model range by up to ₹25,000 from January 1, 2025.
“The price increase has been necessitated owing to an increase in input costs, adverse-exchange rate and increase in logistics costs,” Hyundai Motor India Limited (HMIL) said in a statement.
“With the sustained increase in input cost, it has now become imperative to pass on a part of this cost-escalation through a minor price adjustment,” HMIL whole-time Director and Chief Operating Officer Tarun Garg said.
“This price increase will be done across-models and the extent of increase will be up to ₹25000,” he added.
The price increase will impact all the 2025 models.
Mr. Garg said, “The company has always endeavored to absorb rising-costs to the extent possible, ensuring minimal impact on our customers”.
At present, HMIL sells a range of vehicles priced between ₹5.92 lakh for Grand i10 NIOS and ₹46.05 lakh for the electric vehicle IONIQ 5.
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