Hyundai Motor India up 2% Amid Price Hike

Shares of Hyundai Motor India soared by 2.4% to ₹1,653.95 on the National Stock Exchange. The surge comes after the automaker decided to raise the price of its models by up to 3%.

On March 19, Hyundai Motor announced an increase in the price by about 3%, effective April 2025. Previously, the company raised the price of its models by ₹25,000 in December.

The automaker stated that surging input costs, increased commodity prices, and higher operational expenses are key reasons behind the price rise. The proportion of price increase will vary across different models and variants.

Tarun Garg, full-time director and Chief Operating Officer at Hyundai Motor India said, “At Hyundai Motor India, 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. The price increase will be effective in April 2025. We remain committed to making consistent internal efforts to minimise any future impact on our valued customers.”