Hyundai Motor India Limited (HMIL) has announced a price increase across its model range, effective January 1, 2025. The adjustment comes as a result of rising input costs, adverse exchange rates, and higher logistics expenses. The company stated that the price hike will range up to ₹25,000, depending on the model.
Commentary from HMIL: Mr. Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, emphasized the company’s commitment to minimizing the impact on customers. He noted that despite absorbing rising costs to the extent possible, the sustained increase in input expenses necessitated this adjustment.
Stock Performance: As of 11:16 am, Hyundai Motor shares were trading 0.41% higher at ₹1,879.80 on the NSE.
The price increase will apply to all MY25 models, ensuring the company remains aligned with its financial sustainability while continuing to provide value to customers.
