Hyudai Moto India to hike prices from January 1; check out details

Hyundai Motor Price Hike Announcement: Hyundai Motor India Limited (HMIL) has announced that it will raise the prices of its entire model range, effective January 1, 2025. The decision to increase prices is attributed to the rising input costs, adverse exchange rate, and increase in logistics costs.

Company's Statement

Commenting on the development, Whole-time Director and Chief Operating Officer of HMIL Tarun Garg said, “At Hyundai Motor India Limited, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, 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." 

"This price increase will be done across models and the extent of increase will be up to Rs 25000. The price increase will be effective from January 1, 2025 on all MY25 
models,” he added.

Hyundai's Share Price Today

Hyundai Motor India shares held on to green territory after the announcement. At 11:40 am, the recently-listed stock was up 0.3 per cent at Rs 1,878.8 apiece on BSE, having gyrated in a range of Rs 1,864-1,899 during the session so far.