Starting January 1, 2025, Hyundai Motor India Limited (HMIL) will increase the prices of its vehicles.
The company has attributed this decision to rising input costs, the weakening of the Indian rupee against the US dollar, and higher logistics expenses.
This price hike has been officially announced through a regulatory filing on the Stock Exchange.
Hyundai explained that the increase in manufacturing costs, unfavorable exchange rates, and rising freight charges have compelled the company to raise prices.
The announcement has been made in advance to inform customers and other stakeholders.
Efforts to Minimize Customer Impact
Hyundai stated that it consistently strives to minimize the burden of price hikes on its customers.
However, the current circumstances have made it necessary to pass on some of the increased costs to buyers.
Following the announcement, Hyundai’s stock showed a slight increase on the Stock Exchange.
During the day’s trade, the stock rose by 1.38%, reaching ₹1,898, before settling at ₹1,880.
Despite this, the stock remains below its IPO issue price of ₹1,965, leaving IPO investors with losses. Now, with the price hike, car buyers will also feel the financial pinch.
