Hyundai to raise car prices by up to 3% due to rising input & operational costs
Hyundai has announced a price increase of up to 3% across its model lineup, effective from April 2025. The company cited rising input costs, escalating commodity prices and higher operational expenses as the primary reasons for the adjustment. The extent of the hike will vary depending on the model and variant.
In a statement, Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, emphasised the company’s efforts to absorb rising costs while minimising the impact on customers. However, he noted that sustained increases in operational expenses have made it necessary to implement a moderate price adjustment.
This move aligns with a broader industry trend, as multiple automakers are revising prices to counter growing production costs. Maruti Suzuki recently announced a price hike of up to 4%, effective April 1, 2025. This marks MSIL’s third price revision of the year following increases in January and February.
Similarly, Tata Motors has confirmed a price increase of up to 2% across its commercial vehicle segment starting April 1, attributing the decision to rising raw material and input costs.
In the luxury car segment, Mercedes-Benz India is also considering a price revision in April, contingent on currency fluctuations. Managing Director & CEO Santosh Iyer indicated that a weakening rupee against the euro could prompt another price adjustment. The company had already raised prices in January and expects a subdued luxury car market for at least the next two quarters.
With several leading automakers implementing price increases, industry analysts will be closely observing consumer sentiment and its effect on sales volumes in the coming months.
