Hyundai Motor India Ltd. (HMIL) has announced an increase of prices up to 3% effective April. The price increase would be owing to rising input cost, increased commodity prices and higher operational expenses, amongst other reasons, the company said. The quantum of price increase would vary basis the variants and models.
Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, “We strive to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment.”
“We remain committed to making consistent internal efforts to minimise any future impact on our valued customers,” he added.
Published - March 19, 2025 07:37 pm IST
