Hyundai Motor India Announces Price Hike Effective January 2025

Hyundai Motor India Ltd (HMIL) is set to increase prices across its entire model range starting January 1, 2025. This decision stems from escalating input costs, unfavorable exchange rates, and rising logistics expenses. The company, like many others in the automotive sector, is navigating the financial pressures brought on by global economic challenges.

Tarun Garg, the Chief Operating Officer and Whole-Time Director at HMIL, highlighted the brand’s dedication to shielding customers from cost burdens. He explained, “At Hyundai Motor India, we strive to absorb rising costs whenever possible, minimizing the impact on our customers. However, given the continuous increase in input expenses, a modest price adjustment has become necessary.”

The upcoming price increase will affect all Hyundai models, with adjustments of up to ₹25,000, depending on the vehicle. The company emphasized that the increase would be measured and in line with its customer-first approach, ensuring minimal disruption while addressing production cost pressures.

This announcement aligns with a broader trend within the automotive industry, where multiple manufacturers have recently declared price increases due to similar economic factors.

German luxury brand Audi India will also raise its prices by up to 3% from January 1, 2025, citing higher input and transportation costs. Similarly, BMW India plans to increase prices by up to 3% across its range, ensuring continued delivery of premium quality. Ducati India, a leader in the premium motorcycle segment, will adjust prices on select models in its lineup, effective January 1. The revised ex-showroom prices will apply to dealerships nationwide, including major cities like New Delhi, Mumbai, Bengaluru, and Chennai.

Mercedes-Benz India has also announced a price hike of up to 3%, effective January 2025. The luxury automaker attributed this adjustment to rising input costs, inflationary pressures, and increased logistics expenses, all of which have impacted the company’s financial operations.

Hyundai, known for its popular models like the Creta, Venue, and i20, remains a dominant player in India’s highly competitive automotive market. Since its establishment in India in 1996, Hyundai has grown to become the second-largest car manufacturer in the country, following Maruti Suzuki. The company continues to expand its offerings, including a strong push toward electric vehicles, focusing on sustainability and innovation to maintain its market position.

With these price adjustments, Hyundai and other automakers are balancing cost management with their commitment to delivering quality and value to customers in a challenging economic landscape.