Hyundai Motor India Limited’s price increase will impact all the 2025 models.
| Photo Credit: AP
Hyundai Motor India Limited on Thursday (December 5, 2024), said it will increase prices of its vehicles across model range by up to ₹25,000 from January 1, 2025.
“The price increase has been necessitated owing to an increase in input costs, adverse-exchange rate and increase in logistics costs,” Hyundai Motor India Limited (HMIL) said in a statement.
“With the sustained increase in input cost, it has now become imperative to pass on a part of this cost-escalation through a minor price adjustment,” HMIL whole-time Director and Chief Operating Officer Tarun Garg said.
“This price increase will be done across-models and the extent of increase will be up to ₹25000,” he added.
The price increase will impact all the 2025 models.
Mr. Garg said, “The company has always endeavored to absorb rising-costs to the extent possible, ensuring minimal impact on our customers”.
At present, HMIL sells a range of vehicles priced between ₹5.92 lakh for Grand i10 NIOS and ₹46.05 lakh for the electric vehicle IONIQ 5.
Published – December 05, 2024 02:08 pm IST