Hyundai Motor India has announced a price hike across its entire model lineup, set to take effect from January 1, 2025. The revision, aimed at offsetting rising input costs, unfavorable exchange rates, and increased logistics expenses, will see prices rise by up to Rs 25,000 depending on the model. That said, if you are planning to purchase a Hyundai car, this would be the ideal time for purchasing as it will help in saving a substantial amount.
Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, “With the sustained increase in input cost, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment. The price increase will be effective from January 1, 2025 on all MY25 models.”
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Hyundai Car Sales: November sales show decline
While Hyundai prepares for the new pricing structure, its November 2024 sales figures showed a 7 percent year-on-year decline. The company reported total sales of 61,252 units, down from 65,801 in November 2023.
Domestic sales saw a modest dip of 2 percent, with 48,246 units sold compared to 49,451 in the same period last year. However, exports witnessed a sharper drop, plummeting by 20 percent to 13,006 units from 16,350.
Despite the downturn, Hyundai’s SUVs continued to dominate its domestic portfolio, accounting for 68.8 percent of the company’s sales in November. At present, the company sells a host of SUVs in India, including popular products such as the Venue, Creta, Exter among others.
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