Hyundai Announces Price Increase Due to Rising Costs

Hyundai Announces Price Increase Due to Rising Costs.webp

New Delhi, April 8 Hyundai Motor India Ltd announced on Wednesday that it will increase the prices of its vehicles by up to 1 per cent across its entire product range, starting next month, citing various cost increases.

The company plans to increase the prices of its cars by up to 1 per cent across the range, effective May 2026, Hyundai Motor India Ltd said in a regulatory filing.

The price revision is attributed to a combination of various cost increases, it added.

The extent of the increase will vary depending on the specific models and variants, HMIL said.

"The company's aim is always to mitigate rising costs to protect our customers from price fluctuations. However, the increasing input costs have necessitated a marginal price revision to pass on a portion of this impact," it said.
 
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automobile automotive industry car prices cost increases cost mitigation hyundai hyundai motor india ltd india market adjustment may 2026 new delhi price increase product range regulatory filing vehicle pricing
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