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Hyundai Announces 1% Price Hike for Cars from May 1 Amid Rising Costs

Hyundai Motor India has announced a price increase of 1% across its model range, effective from May 1, 2026. The company attributed the hike to escalating input costs, stating it aims to absorb costs but must pass on some impact. This move follows a similar price increase announced by Tata Motors for its passenger and commercial vehicles in March. The announcement comes despite Hyundai reporting record domestic sales for March and the January-March quarter of 2026.

Key Points: Hyundai Car Prices to Increase 1% from May 1, 2026

  • 1% price hike across portfolio
  • Effective from May 1, 2026
  • Cites rising input costs
  • Follows Tata Motors' recent increase
  • Record domestic sales in March 2026
2 min read

Hyundai Motors announces 1 pc hike in car prices from May 1

Hyundai India announces a 1% price hike across all models from May 1, citing rising input costs, following Tata Motors' recent price increase.

"The escalating input costs have necessitated passing on a part of this impact - HMIL exchange filing"

New Delhi, April 8

Leading automobile manufacturer Hyundai Motor India Ltd. on Wednesday announced a price increase of 1 per cent across its portfolio, effective from May.

The company cited various cost escalations as the reason behind price hike adding that the quantum of increase will vary based on the variants and models, according to an exchange filing.

"The company's endeavour is always to absorb rising costs to safeguard our customer from price fluctuations. However, the escalating input costs have necessitated passing on a part of this impact through a marginal price revision," HMIL said in an exchange filing.

HMIL posted a 2.5 per cent YoY growth in sales at 69,004 units in March 2026 including domestic sales of 55,064 units. The company recorded its highest-ever domestic sales for any March month with 6.3 per cent YoY growth.

Total sales touched 2,08,275 units in the January to March 2026 period, up 8.7 per cent YoY.

It comprised domestic Q4 sales of 1,66,578 units, up 8.5 per cent YoY, the company's highest-ever quarterly tally for domestic sales since inception, the company had said in a statement.

Exports of the company rose 9.4 per cent to 41,697 units.

Tata Motors Passenger Vehicles Ltd. had in March announced a price increase of 0.5 per cent across its passenger vehicle (ICE) portfolio, effective April 1, 2026.

Tata Motors also implemented a 1.5 per cent across its commercial vehicle range, from the same date to partially offset the impact of rising commodity prices and other input costs.

Tata Motors Passenger Vehicles Ltd's Managing Director and CEO Shailesh Chandra had said the company has been facing higher input costs for nearly a year, and the impact is now necessitating a price hike.

India's automobile sector ended March 2026 on a strong note, with major carmakers reporting record sales driven by steady demand, new launches, and expanding customer reach.

- IANS

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Reader Comments

S
Shreya B
Understandable from a business perspective with rising input costs, but it's a bit disappointing. They're posting record sales and profits, so couldn't they absorb this a little longer for loyal customers? Hope the service quality doesn't get a "price hike" too.
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Aman W
Tata did 0.5%, Hyundai does 1%. The domino effect begins. Maruti Suzuki will be next, mark my words. Good time to be in the used car market, I guess.
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Priyanka N
With sales at an all-time high, this feels like the perfect excuse to increase margins. The "marginal price revision" line is standard corporate speak. As a consumer, it's frustrating when everything from groceries to cars is getting more expensive.
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Vikram M
Maybe it's a signal to push more people towards their CNG or electric variants? The i20 N Line I wanted just got a bit further out of reach. 😅 Time to recalculate the EMI.
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Karthik V
The article says the hike is from May 1st. A classic strategy – announce it now to create a sense of urgency and get a rush of bookings in April to clear existing inventory. Smart move by Hyundai, tough for buyers.

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