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The company may increase the prices of its various models of vehicles by up to Rs 25,000 from January 1, 2025. The company announced this on Thursday. Hyundai Motor India Ltd said in the statement that the increase in raw material costs, unfavorable exchange rates and logistics costs have increased significantly.
If you are thinking that you can buy a new car on New Year, then think carefully first. Hyundai Motor India has taken a big decision. Hyundai Motor has decided that from next year the company is going to increase the price of its models. Hyundai Motor India Limited has made this announcement.
According to Hyundai Motor India Limited, the company may increase the prices of its various models of vehicles by up to Rs 25,000 from January 1, 2025. The company announced this on Thursday. Hyundai Motor India Ltd said in the statement that the increase in raw material costs, unfavorable exchange rates and logistics costs have increased significantly. In such a situation, the price has also increased.
Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, “With the continuous increase in the cost of raw materials, it has now become mandatory to bear some part of this cost increase through minor price adjustments.” The increase will be applicable on all models and will be capped at Rs 25,000. The price increase will affect all 2025 models. Garg said the company has always “tried to absorb rising costs as much as possible, so that it has the least impact on our customers.” Currently, HMIL's various vehicle ranges are priced between Rs 5.92 to Rs 46.05 lakh.
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