Hyundai Motor India to hike car prices by up to 3% from April

Hyundai Motor India Limited (HMIL) on Wednesday announced a price hike of up to 3% on cars and sport utility vehicles (SUVs) from April 2025. The South Korean carmaker announced the price increase owing to rising input cost, increased commodity prices and higher operational expenses, among other reasons. The quantum of price increase will vary basis the variants and models, it 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,” said Tarun Garg, whole-time director and chief operating officer, HMIL.

“We remain committed to making consistent internal efforts to minimise any future impact on our valued customers,” the automaker said.

The price hike announcement by Hyundai comes a day after South Korean carmaker Kia India, also a subsidiary of Hyundai Motor Company, announced up to 3% price hike across its entire line-up. The price hike, effective from April 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs.

“Due to the rising costs of commodities and input materials, we will be increasing up to 3% price hike across all Kia models, effective from 1st April 2025,” said Hardeep Singh Brar, Senior Vice President, – Sales and Marketing, Kia India. “While we understand that price adjustments can be challenging, this decision has been made to ensure we can continue delivering the high-quality, technologically advanced vehicles that our customers expect from Kia. To minimise the impact on our customers, Kia is absorbing a significant portion of the increased costs, ensuring that the price adjustment remains as manageable as possible for our valued customers,” said Brar.

The Korean chaebol joins the likes of Maruti Suzuki and Tata Motors in rolling out price hikes starting next fiscal. Tata Motors on Tuesday announced its plan to increase prices across its passenger vehicle range, including electric vehicles, effective April 2025. This price adjustment is being undertaken to partially offset the impact of rising input costs, the automaker said, adding that the extent of the hike will vary depending on the model and variant.

On Monday, Maruti Suzuki revealed its plan to increase car prices from April owing to rising input costs and operational expenses. Maruti’s price hike is expected to be up to 4% and will vary depending on the model.