Hyundai Motor India Ltd (HMIL) has announced a price hike of up to 3% across its vehicle lineup, effective April 2025. This decision is attributed to rising input costs, including increased raw material prices and operational expenses. The exact increment will vary depending on the model and variant. Tarun Garg, full-time director and Chief Operating Officer of HMIL, stated that while the company strives to absorb rising costs to minimize customer impact, the sustained increase in operational expenses necessitates this price adjustment.
Source: https://auto.economictimes.indiatimes.com/
