Hyundai Motor India Ltd (HMIL) announces it will increase the prices of its vehicles by up to ₹12,800, depending on the model and variant. The company attributes the revision to a mix of cost escalations, including rising input costs, higher commodity prices, and increased operational expenses. HMIL says the announcement follows its earlier regulatory filing dated April 8, 2026, in which it indicated a 1% price hike across its portfolio effective the following month. In its latest statement, HMIL specifies that the maximum extent of the increase is ₹12,800 and that it varies by model and variant. The automaker also says it continuously works to optimize costs and reduce the impact on customers, but that it is constrained to pass on some of the increased costs to the market through the nominal price change. Overall, the company frames the move as a response to broader inflationary and operational cost pressures affecting vehicle production and business operations.
Hyundai Motor India raises vehicle prices by up to ₹12,800 due to cost pressures
Hyundai Motor India Ltd (HMIL) announces it will increase the prices of its vehicles by up to ₹12,800, depending on the model and variant. The company attributes the revision to a mix of cost escalati...
- Hyundai Motor India plans a vehicle price increase of up to ₹12,800.
- The increase varies by model and variant.
- HMIL cites rising input costs, increased commodity prices, and higher operational expenses.
- The move follows an April 8, 2026 regulatory announcement of a 1% portfolio price hike effective next month.
- HMIL says it is passing on some increased costs to customers despite efforts to optimize expenses.
Hyundai Motor India Ltd (HMIL) on Wednesday said it will hike prices of its vehicles by up to Rs 12,800, depending on the model and variants. The price revision is attributed to a combination of various cost escalations, it added. This is in continuation of HMIL's announcement on April 8, 2026, when the car maker in a regulatory filing announced a 1 per cent hike across its portfolio from next month, citing various cost escalations, effective next month. "The extent of price increase is up to a maximum of Rs 12,800, and it will vary depending on the model and variant," said HMIL in a statement. The price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, among other reasons, it said. "While the company continuously strives to optimise costs and minimise the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this nominal price increase," said HMIL.
3 months agoThe price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, among other reasons
3 months ago
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