Hyundai announces pricing changes for cars across variants; here’s what it means for buyers
Hyundai Motor India Limited on Wednesday said it will increase the prices of its vehicles by up to Rs 12,800, depending on the model and variant, citing rising input costs, higher commodity prices and increased operational expenses.
The company said the revision follows its earlier announcement dated April 8, 2026, when it had proposed a 1 per cent price hike across its portfolio. It has now confirmed that the revised prices will come into effect from June 1, 2026.
In its stock exchange filing, the automaker said:
"In continuation to our earlier letter dated April 08, 2026 submitted in respect of price increase on Hyundai cars, considering the prevailing market conditions and to ensure balanced approach towards customer interest, we would like to inform that the new prices will now be made effective from June 01, 2026," the company said.
It added that the extent of the increase will vary by model and variant, with a ceiling of Rs 12,800.
"The extent of price increase is up to a maximum of Rs 12,800 and it will vary depending on the model and variant," the filing stated.
Rising costs driving revision
Hyundai Motor India said the price revision has been necessitated due to persistent cost pressures, including input costs, commodity price increases and higher operational expenses.
"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," HMIL said.
Industry trend of price hikes
The announcement comes in the backdrop of similar revisions in the automobile sector. Maruti Suzuki India Limited has also announced a price hike of up to Rs 30,000 across its models from June, citing rising input costs and operational expenses.
Automobile manufacturers have been implementing periodic price revisions as pressure from raw material and input costs continues across the sector.