Hyundai Motor India to raise vehicle prices by up to Rs 12,800 from June 1, second time in a year – Firstpost

Hyundai Motor India will raise prices of its vehicles by up to Rs 12,800 from June 1, as the automaker joins a wider industry push to pass on rising input and operational costs to customers amid a challenging global cost environment.

The company said the price revision will vary across models and variants, and comes in response to sustained pressure from higher commodity prices, input costs and overall operational expenses.

In a regulatory filing, Hyundai Motor India said the decision was driven by prevailing market conditions, even as the company continues efforts to optimise costs internally.

“The price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, amongst other reasons,” the company said.

It added that while it is committed to minimising the impact on customers, it has been constrained to pass on a portion of the cost escalation through a “nominal price increase”.

Deferred hike now effective from June

The latest revision follows an earlier plan announced in April 2026, under which Hyundai had intended to implement a price hike in May. However, the company deferred the move and has now confirmed that the revised prices will take effect from June 1.

This will mark the second price increase by Hyundai Motor India in the current calendar year, after a weighted average hike of around 0.6 per cent in January 2026.

Industry-wide pricing pressure

Hyundai’s move reflects a broader trend across India’s passenger vehicle market, where automakers have been gradually increasing prices to offset input cost inflation.

Industry peers, including Maruti Suzuki, Tata Motors Passenger Vehicles and Mahindra & Mahindra, have also announced price hikes in recent months, citing a similar combination of inflationary pressures and adverse cost conditions.

The auto sector has been grappling with elevated commodity prices, supply chain disruptions and higher logistics costs, all of which have squeezed margins despite steady demand in key segments.

Global headwinds add to cost burden

The industry-wide cost pressures have also been exacerbated by global uncertainties, including disruptions in energy markets and trade routes linked to geopolitical tensions in West Asia. These factors have contributed to volatility in raw material and fuel costs, further increasing manufacturing expenses.

Earlier, fluctuations in fuel prices by state-run oil marketing companies added to concerns over sustained input cost inflation, affecting multiple sectors including automotive manufacturing.

Product portfolio and pricing impact

Hyundai Motor India’s India lineup spans multiple segments, including SUVs such as the Exter, Venue, Creta and Alcazar, sedans like the Aura and Verna, hatchbacks such as the Grand i10 Nios and i20, as well as electric vehicles like the Creta Electric and Ioniq 5.

The company’s vehicles currently range from approximately Rs 5.55 lakh to Rs 55.70 lakh (ex-showroom), with the Grand i10 Nios serving as its entry-level model and the Ioniq 5 positioned at the premium end of its portfolio.

With inputs from agencies.