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Hyundai Price Hike Announcement: Company to increase car prices from June 1; hike up to Rs 12,800
Hyundai Price Hike Announcement: Hyundai Motor India on Wednesday, May 27, announced a price increase across its car range, with the revised prices set to come into effect from June 1, 2026. Check details:
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The revised prices for Hyundai vehicles will be applicable from June 1, 2026. Image: AI-Generated by ChatGPT
Written By: Priya Vishwakarma
Updated: Thu, May 28, 2026
04:56 PM IST
04:56 PM IST
ZeeBiz WebDesk
Hyundai Price Hike: Hyundai Motor India on Wednesday, May 27, announced a price increase across its car range. The revised prices are set to come into effect from next week. In a stock exchange filing, the company said the price hike will be up to a maximum of Rs 12,800, depending on the model and variant.
"The extent of price increase is up to a maximum of Rs 12,800/- and it will vary depending on the model and variant," Hyundai India said.
The automaker stated that the decision has been taken in view of prevailing market conditions while maintaining a balanced approach towards customer interest. The revised implementation date follows an earlier communication issued by the company on April 8, 2026, regarding the proposed increase in vehicle prices.
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"In continuation to our earlier letter dated April 08, 2026 submitted in respect of price increase on Hyundai cars, considering the prevailing market conditions and to ensure balanced approach towards customer interest, we would like to inform that the new prices will now be made effective from June 01, 2026," the company said in the release.
Why Hyundai is increasing prices
According to the company, the latest price revision has been necessitated due to rising input costs, higher commodity prices, and increasing operational expenses, among other factors.
"The price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, amongst other reasons," it added.
Hyundai said it has been making continuous efforts to optimise costs and reduce the burden on customers. However, the company added that it has been compelled to pass on a part of the increased costs to the market through what it described as a nominal price hike.
"While the company continuously strives to optimize costs and minimize the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this nominal price increase," it further said.
Price Hike To Vary Across Models
The company clarified that the increase will not be uniform across all vehicles. The extent of the hike will vary depending on the specific model and variant. The revised prices for Hyundai vehicles will be applicable from June 1, 2026.
Maruti Suzuki India Price Hike
The development comes days after Maruti Suzuki India Limited announced that it is going to increase the prices of its vehicles from next month. Effective from June 1, the carmaker will increase rates across models by up to Rs 30,000, Maruti Suzuki India said in a regulatory filing.
The company cited inflationary pressures and an unfavourable cost environment as the reason behind this price hike.
Hyundai Motor India Q4 Results Announced
On a separate note, South Korean auto giant Hyundai Motor India recently reported its quarterly earnings for the quarter ended March 31. The automaker reported a Profit After Tax (PAT) of Rs 1,221.53 crore for the quarter, down 22.8 per cent from Rs 1,582.56 crore in the same period last year. Revenue from operations rose 5.1 per cent year-on-year to Rs 18,451.92 crore from Rs 17,561.95 crore, while total income increased 5.3 per cent to Rs 18,702.79 crore against Rs 17,763.51 crore in the year-ago period. EBITDA for the quarter stood at Rs 1,966 crore, down 22.4 per cent from Rs 2,532.7 crore in the corresponding quarter last year. The automaker has also announced a dividend for shareholders.
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Priya Vishwakarma
Priya Vishwakarma
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