Hyundai Motor India Limited (HMIL) has announced a price hike of up to 3% across its entire model range, effective from April 2025. The company attributed this decision to rising input costs, escalating commodity prices, and higher operational expenses. However, the actual price increase will vary depending on the model and variant.

Hyundai’s Justification for the Price Hike

According to Tarun Garg, Whole-time Director and COO of HMIL, the company strives to absorb rising costs to minimize the impact on customers. However, sustained increases in operational expenses have made it necessary to pass on some of these costs through a price adjustment. This move aligns with an industry-wide trend, as multiple automakers have announced similar hikes.

Industry-Wide Price Increases

Hyundai’s decision is not an isolated one. Several leading automakers in India have also announced price revisions:

• Maruti Suzuki India Ltd (MSIL) recently announced a price hike of up to 4% from April 1, 2025. This marks Maruti’s third price increase this year, following earlier hikes in January and February.

• Tata Motors will also increase prices by up to 2% on its commercial vehicles from April 1, 2025, citing surging raw material and input costs.

• In the luxury car segment, Mercedes-Benz India is considering another price revision in April if the rupee continues to weaken against the euro. The company had previously raised prices in January 2025 and expects sluggish luxury car sales for at least two more quarters.

Impact on Consumers and Market Sentiment

The price hikes by multiple automakers will likely impact consumer sentiment and sales volumes. With inflationary pressures affecting disposable income and auto loan interest rates, prospective buyers may reconsider their purchase decisions. The industry will closely monitor how these increases affect demand, particularly in the price-sensitive segments.

Conclusion: What Should Car Buyers Do?

If you’re planning to buy a new Hyundai, Maruti Suzuki, Tata Motors, or Mercedes-Benz vehicle, it may be wise to finalize your purchase before April 2025 to avoid paying higher prices. Industry experts suggest that price-sensitive buyers should consider pre-owned cars or explore exchange offers to mitigate the impact of rising prices.

For more updates on the latest car price hikes, auto industry news, and expert insights, check out our latest updates on Finance Saathi.

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