Hyundai Motor India to hike all vehicle prices by 3% from April 2025; check details

“The company announced the price increase owing to rising input costs, increased commodity prices and higher operational expenses, amongst other reasons,” Hyundai Motor India further said.

The company had, in January, hiked prices of its vehicles by up to ₹25,000 across its model range due to an increase in input costs, adverse exchange rates and a rise in logistics costs.

Hyundai Motor is the fourth auto-making company in India to hike prices this week. Maruti Suzuki and Tata Motors had also announced increasing prices of their passenger and commercial vehicles by 4% and 3%, respectively.

On Tuesday, Kia India also hiked its vehicle prices up to 3% from April in order to offset the impact of rising input costs.

Commenting on the hike, whole-time director and chief operating officer Tarun Garg said, “At Hyundai Motor India Limited, we strive to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment.”

“We remain committed to making consistent internal efforts to minimise any future impact on our valued customers,” Garg further said.

The announcement came after market hours. Shares of Hyundai Motor India on Wednesday gained 2.21% to end at ₹1,615.05 apiece on the National Stock Exchange. The script had touched its 52-week low of ₹1,551.30 per share on Tuesday, March 18.

According to NSE data, Hyundai’s market capitalisation stood at ₹1.31 lakh crore.

HMIL sells a range of vehicles, from the hatchback Grand i10 NIOS to the electric SUV IONIQ5, priced between ₹5.98 lakh and ₹46.3 lakh (ex-showroom Delhi).

Meanwhile, Honda Cars India also hiked prices of its entire model range with effect from April on Wednesday in order to partially offset the impact of rising input costs.

Honda Cars India will revise prices across all models from April 2025 due to rising input costs and operational expenses, Honda Cars India Vice President (Marketing and Sales) Kunal Behl said in a statement.

"The price hike will vary by model and variant and will apply to all Honda models, including Amaze, City, City e:HEV, and Elevate," Behl said.

In the October-December quarter this fiscal year, Hyundai exported 40,386 vehicles, as compared to 43,650 vehicles in the same quarter last year.

In CY 2024, Saudi Arabia, South Africa, Mexico, Chile and Peru emerged as the largest export markets for the company by volume.

Hyundai exported a total of 158,686 vehicles in CY 2024.

Hyundai Motor India had reported an 18.5% decline in its consolidated net profit at ₹1,160.7 crore for the quarter ended December 31, 2024 (Q3 FY25). The company had registered a profit of ₹1,425.22 crore in the year-ago period.

Total revenue from operations came in at ₹16,648 crore, down 1.3% against ₹16,874 clocked in the December 2023 quarter. Its total income during the quarter under review stood at ₹16,892.45 crore, down 2.03% YoY. The figure was ₹17,243.56 crore in the year-ago period.