Hyundai India to jack up prices by up to ₹12,800 from June 1 amid rising costs

Hyundai Motor India Ltd (HMIL) announced a price hike of up to ₹12,800 across its portfolio, with the revised prices set to come into effect from June 1, 2026.

The company said the increase would vary depending on the model and variant and has been necessitated due to escalating input costs, higher commodity prices and rising operational expenses.

“In continuation to our earlier letter dated April 08, 2026 submitted in respect of price increase on Hyundai cars, considering the prevailing market conditions and to ensure balanced approach towards customer interest, we would like to inform that the new prices will now be made effective from June 01, 2026,” the company said in its filing to BSE.

HMIL added that “the extent of price increase is up to a maximum of Rs 12,800 and it will vary depending on the model and variant.”

The automaker had earlier announced a 1 per cent price increase across its portfolio in April, citing mounting cost pressures. However, the implementation was deferred as the company assessed market conditions and customer sentiment.

According to the company’s regulatory filing, the latest increase has been driven by “rising input costs, increased commodity prices and higher operational expenses, amongst other reasons.”

“While the company continuously strives to optimize costs and minimize the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this nominal price increase,” HMIL said in its filing to BSE.

The latest revision comes at a time when several passenger vehicle manufacturers are recalibrating prices amid persistent inflationary pressures and elevated raw material costs. Industry experts note that rising prices of steel, aluminium and logistics continue to weigh on automakers’ profitability, prompting companies to partially transfer the burden to consumers.

This is Hyundai’s second broad-based price revision this year. In January, the company had increased prices by up to 0.6 per cent across select models due to higher input and transportation costs. Automakers across segments have increasingly resorted to calibrated price hikes over the past year to protect margins while maintaining demand momentum in a highly competitive market.

Hyundai Motor India remains one of the country’s leading passenger vehicle manufacturers, with strong demand in the SUV segment led by models such as the Creta, Venue and Exter. The latest price revision is expected to have a limited impact on near-term demand, industry analysts said.