Hyundai Motor India Limited (HMIL) has announced a price hike across its entire model lineup, effective January 1, 2025. The decision to increase prices is attributed to rising input costs, unfavourable exchange rates, and higher logistics expenses. This adjustment aims to offset the growing operational costs while maintaining Hyundai’s commitment to delivering quality vehicles.
Commenting on the development, Mr. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, “At Hyundai Motor India Limited, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, 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. This price increase will be done across models and the extent of increase will be up to Rs 25000. The price increase will be effective from January 1, 2025 on all MY25 models.”
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In other news, Hyundai Motor India, a subsidiary of the South Korean automaker Hyundai, saw its shares drop over 1 percent on the National Stock Exchange (NSE) following a 2.4 percent decline in November auto sales compared to the same period last fiscal year. The stock hit an intraday low of Rs 1,515.00 per share after opening at Rs 1,532.00, marking a 0.07 percent dip at the start of trading.
In a significant development, the Hyundai Tucson has earned a 5-star safety rating in the Bharat NCAP (BNCAP) crash tests, becoming the first Hyundai passenger vehicle to be tested under India’s updated safety standards. This milestone follows its earlier 3-star rating in the Latin NCAP crash tests conducted in 2022, underscoring Hyundai’s dedication to improving safety features for Indian customers.
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Hyundai Tucson demonstrated exceptional safety performance, scoring 30.84 out of 32 points in adult occupant protection during the Bharat NCAP tests. In the frontal offset crash test, it earned 14.84 out of 16 points, providing strong protection for the driver and front passenger, with the driver’s chest rated “adequate” and other areas rated “good.” The Side Impact Test saw the Tucson achieve a perfect score of 16.00 out of 16. For child occupant protection, the SUV secured 41.00 out of 49 points, with full marks awarded to both rear-facing child restraint systems.
