Hyundai’s bumping up car prices by as much as 3% because of rising costs

Hyundai’s putting up prices by as much as 3% for all its models starting April 2025. They mentioned that it’s all due to rising costs for materials, pricier raw goods, and climbing operational expenses. So, depending on which model and variant you’re eyeing, the price jump will differ.

Tarun Garg, Chief Operating Officer of HMIL, highlighted the company’s attempts to manage rising costs without affecting customers, but mentioned that ongoing operational expense increases require a moderate price adjustment.

Multiple automakers, such as Maruti Suzuki, are raising prices due to increased production costs, with Maruti Suzuki implementing a 4% hike on April 1, 2025, its third price increase this year. Tata Motors will raise prices by up to 2% for its commercial vehicles starting April 1 due to increased raw material costs.

Mercedes-Benz India may revise prices in April due to currency fluctuations, particularly if the rupee weakens against the euro, as stated by Managing Director & CEO Santosh Iyer. Following a price increase in January, the company anticipates a subdued luxury car market for the next two quarters.

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