Hyundai Motor India to hike prices by up to ₹25,000 from January 2025

Hyundai Motor India Limited (HMIL) on Thursday announced that it will increase prices across its model range effective from January 1, 2025. The price increase has been necessitated owing to an increase in input costs, adverse exchange rate and increase in logistics costs, the South Korean carmaker says.

The price increase will be done across models and the extent of increase will be up to ₹25,000, the automaker says in a statement.

“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,” says Tarun Garg, whole-time director and chief operating officer, HMIL.

“The price increase will be effective from January 1, 2025 on all MY25 models,” says Garg.

This comes days after Audi, the German luxury car manufacturer, announced a price increase of up to 3% across its model range due to rising input and transportation costs. The price hike will be effective from January 1, 2025.

“We are implementing a price adjustment of up to 3% effective from 1st January 2025 due to rising input costs. This correction is essential for Audi India and our dealer partners to ensure sustainable growth. We remain committed to minimising the impact of the price hike on our valued customers,” said Balbir Singh Dhillon, Head of Audi India.

German two-wheeler maker BMW Motorrad India will increase prices by up to 2.5% across the model range. The new prices will be effective from January 2025 onwards. “The strategic price corrections are driven by rising overall input costs and inflation pressures. The decision will support in ensuring profitability and high standards of BMW Motorrad excellence in terms of quality, performance and brand experience,” it said.

BMW Motorrad officially started its operations as a part of the Indian subsidiary of BMW Group in April 2017. ‘Made in India for the World’, BMW G 310 R, BMW G 310 GS, BMW G 310 RR and the all-electric BMW CE 02 have been developed in Munich, Germany by BMW Motorrad and are locally produced by cooperation partner TVS Motor Company in Hosur, India.