Hyundai raises car prices by 3% from April

Hyundai raises car prices by 3% due to rising input and operational costs

Hyundai announced that prices have risen by 3% from the lineup of models that will take effect from April 2025. The company will increase input costs, higher commodity prices and higher operating expenses as the main reasons for the adjustment. The degree of hiking will vary based on the model and variant.

Tarun Garg, full-time director and COO of HMIL, highlighted the company’s efforts to absorb rising costs while minimizing the impact on customers. However, he noted that the continued increase in operating expenses made it necessary to implement moderate price adjustments.

The move is in line with broader industry trends as several automakers are modifying prices to cope with growing production costs. Maruti Suzuki recently announced that the price is as high as 4%, effective April 1, 2025. This marks the third price revision of MSIL after its gains in January and February.

Similarly, Tata Motors confirmed its commercial vehicle segment prices as high as 2% starting April 1, due to decisions about rising raw materials and input costs.

In the luxury car sector, Mercedes-Benz India is also considering price revisions in April, depending on currency volatility. Managing Director and CEO Santosh Iyer said the weakening of the rupee against the euro could cause another price adjustment. The company has raised prices in January and is expected to stand out in the next two quarters at least.

As some leading automakers implement price increases, industry analysts will closely observe consumer sentiment and its impact on sales in the coming months.

After Hyundai, it has raised the price of cars to the most on motorcycles since April.