Hyundai Motor India Limited has announced a price hike of up to 3%, set to take effect from April 2025. The automaker cited rising input costs, higher commodity prices, and increased operational expenses as key reasons for the revision. The exact increase will vary across different models and variants.
Speaking on the decision, Tarun Garg, Whole-time Director and Chief Operating Officer at HMIL, stated that the company has been absorbing cost escalations to minimize the impact on customers. However, due to sustained increases in operational costs, a price adjustment has become necessary.
The price revision will impact Hyundai’s entire lineup, which includes popular models such as the Creta, Creta Electric, Verna, Exter, i20, and Grand i10 NIOS, among others. The company’s vehicles currently range in price from Rs 5.98 lakh to Rs 46.3 lakh, ex-showroom.
Hyundai is not the only automaker set to raise prices. Kia India has also announced a 3% hike effective from April 1, while Maruti Suzuki and Tata Motors have also announced their decision to increase prices across various models. Tata Motors has raised commercial vehicle prices by 2%, but the exact revision for its passenger vehicles is yet to be disclosed.
Hyundai had previously implemented a price hike of up to Rs 25,000 in January 2025, attributing it to increased input costs, fluctuating exchange rates, and rising logistics expenses. Meanwhile, Honda Cars India has also confirmed a price increase across its entire lineup, including the Amaze, City, City e:HEV, and Elevate, starting in April, for similar reasons.
With multiple manufacturers adjusting their pricing strategies, the Indian automobile market is witnessing a trend of rising vehicle costs, driven by external economic pressures.
