Delhi, December 5, 2024 (Navroze Bureau) – If you are planning to buy a car in the new year, then this news is for you. Hyundai Motor India Limited (HMIL) has announced that the prices of all models will be increased from January 1, 2025. The company said that the biggest reason behind this decision is the increase in input cost, impact of exchange rate and logistics cost.
How much will the prices increase?
Tarun Garg, Vice President and COO of the company, said, “We always try to prevent rising costs from reaching the customers but now due to the continuous increase in costs, it has become necessary to increase the prices slightly. Prices may increase by up to Rs 25,000. This change will be applicable to all MY25 models. This increase will be effective from January 1, 2025.
When was the last time prices increased
Hyundai Motor India had increased prices in January 2023 and April 2024. In January 2023, prices were increased by an average of 1.5%-2% across all models due to rising input costs. In April 2024, prices were increased due to updates made to the models due to BS6 Phase-II norms. This increase was done to maintain cost-balance despite increasing customer demand and addition of new services.
Popular models of Hyundai in the Indian market
Hyundai Creta
is India’s most loved mid-size SUV. It has also found a place among the best-sellers due to its great design, features and performance. In 2024, Creta maintained the highest market share in the segment.
Edited By jyoti choudhary,Updated: 05 Dec, 2024 12:45 PM
If you are planning to buy a car in the new year, then this news is for you. Hyundai Motor India Limited (HMIL) has announced that the prices of all models will be increased from January 1, 2025. The company said that the biggest reason behind this decision is input cost,…
Business Desk: If you are planning to buy a car in the new year, then this news is for you. Hyundai Motor India Limited (HMIL) has announced that the prices of all models will be increased from January 1, 2025. The company said that the biggest reason behind this decision is the increase in input cost, impact of exchange rate and logistics cost.PauseUnmute
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How much will the prices increase?
Tarun Garg, Vice President and COO of the company, said, “We always try to prevent rising costs from reaching the customers but now due to the continuous increase in costs, it has become necessary to increase the prices slightly. Prices may increase by up to Rs 25,000. This change will be applicable to all MY25 models. This increase will be effective from January 1, 2025.
When was the last time prices increased
Hyundai Motor India had increased prices in January 2023 and April 2024. In January 2023, prices were increased by an average of 1.5%-2% across all models due to rising input costs. In April 2024, prices were increased due to updates made to the models due to BS6 Phase-II norms. This increase was done to maintain cost-balance despite increasing customer demand and addition of new services.
Popular models of Hyundai in the Indian market
Hyundai Creta
is India’s most loved mid-size SUV. It has also found a place among the best-sellers due to its great design, features and performance. In 2024, Creta maintained the highest market share in the segment.
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Hyundai Venue
Venue is a reliable and affordable option in the compact SUV segment. Features like BlueLink, digital cluster and sunroof make it popular among the youth.
Hyundai Verna
is a premium car in the sedan segment. It is hot-selling due to its powerful engine, premium interiors and safety features.
Hyundai i20
i20 is the favorite choice of Indian customers in premium hatchback. Powerful engine and advanced features make it special.
Hyundai Exter
is a recently launched micro-SUV. It is rapidly becoming popular in the budget friendly segment due to its advanced safety and technology.