Hyundai Announces Price Increase Across All Models Starting January 2025

5 December 2024

Hyundai Motor India has announced that it will implement a price increase of up to ₹25,000 across all its models, effective from January 1, 2025. This decision comes in response to escalating input costs, unfavorable exchange rate fluctuations, and rising logistics expenses. The company emphasized that while it strives to absorb a significant portion of these increased costs, the upward revision in prices has become necessary to maintain the quality and features of its vehicles. Hyundai's commitment to delivering high-quality, technologically advanced vehicles remains steadfast, even as it navigates these economic challenges.

The price adjustment will affect a range of popular Hyundai models. For instance, the Grand i10 Nios, currently priced between ₹5.92 lakh and ₹8.56 lakh, will see an increase of ₹25,000, bringing the top-end variant's price to approximately ₹8.81 lakh. Similarly, the Venue, which is priced between ₹7.94 lakh and ₹13.48 lakh, will also experience a ₹25,000 hike, pushing the maximum price to around ₹13.73 lakh. These adjustments reflect Hyundai's effort to balance the increased production and operational costs while remaining competitive in the market.

Hyundai is not alone in this move; several other automakers have also announced price hikes effective from January 2025. Factors such as rising commodity prices, increased transportation costs, and adverse exchange rates have compelled many manufacturers to reassess their pricing strategies. Industry experts note that such adjustments are common at the beginning of the calendar year, as companies aim to offset the cumulative cost increases incurred over time. Despite these challenges, Hyundai assures its customers that it remains committed to offering value-driven products without compromising on quality or innovation.

In light of the upcoming price increase, Hyundai has encouraged prospective buyers to consider making their purchases before the end of December 2024 to take advantage of the current pricing. The company continues to offer various year-end promotions and financing options to facilitate purchases. Hyundai's dealer network is prepared to assist customers in understanding the implications of the price hike and to provide guidance on the best purchasing options available. As always, Hyundai remains dedicated to enhancing customer satisfaction and delivering vehicles that meet the evolving needs and preferences of its clientele.