If you are a fan of Hyundai brand cars and want to buy your favorite model in the new year, then now you will have to pay more for it. Hyundai Motor India Limited on Thursday announced to increase in the price of all its models from January 1, 2025. The company will increase the prices of vehicles by up to Rs 25,000. According to PTI news, the company said in a statement that the increase in prices has become necessary due to an increase in input costs, unfavorable exchange rate, and increase in logisticscostst.
The impact will be on all models of the year 2025
According to the news, Tarun Full-time Director and Chief Operating Officer, of Hyundai Motor India Limited, said that with the continuous increase in input costs, it has now become necessary to pass a part of this cost increase through minor price adjustments. He said that this price increase will be done on all models. The price increase will affect all models of the year 2025. Garg said that the company has always tried to minimize the rising costs as much as possible so thatitsr customers are affected as little as possible.
car price range
Hyundai Motor India Limited currently sells a wide range of cars priced between Rs 5.92 lakh for the Grand i10 NIOS to Rs 46.05 lakh for the electric vehicle IONIQ 5.
BMW-Mercedes has already announced
B.MW India, the Indian unit of German luxury car maker BMW, is going to increase the price of all its models by up to three percent from January 2025. Mercedes-Benz announced to increase in the prices of all its models in India by up to three percent from January 1, 2025, citing increased input costs, inflationary pressure, and higher operating expenses.