Hyundai Motor India has announced that they will be increasing the prices of its cars from 1st January 2026, owing to rise in input costs. The average price hike will be around 0.6%.
The car manufacturer currently offers two electrics vehicles (EVs) i.e. Creta Electric and Ioniq 5. These cars have eight internal combustion engines (ICE) models, Grand i10 Niors, i20, Aura, Verna, Exter, Venue, Creta, and Alcazar.
Why Hyundai increasing the price?
The company stated in a regulatory filing that “”Due to the rise in the cost of precious metals and commodities, Hyundai Motor India will undertake a weighted average price increase of around 0.6% across its model range, effective from January 1, 2026.”
The company further added that “While the company continuously strives to optimise costs and minimise the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this minor price increase”
Automotive companies usually increase the prices twice a year, first time in January and then in April. This will be the first price hike to be taken by Hyundai after the price cuts announced by the company in September after the GST rate rationalisation.
In GST 2.0, the Verna received the lowest price cut at Rs.60,640, while Tucson saw the highest price drop up to Rs.2,40,303. However, the Tucson has now been discontinued from the Indian market.
What about other brands?
Apart from Hyundai, carmakers like JSW MG Motor, Honda, Nissan and Renault have also announced price hikes; the price hike will be effective from January. Among the luxury original equipment manufacturers (OEMs), Mercedes-Benz and BMW will also increase the price of their cars.
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Syed Ziyauddin is a media and international relations enthusiast with a strong academic and professional foundation. He holds a Bachelor’s degree in Mass Media from Jamia Millia Islamia and a Master’s in International Relations (West Asia) from the same institution.
He has work with organizations like ANN Media, TV9 Bharatvarsh, NDTV and Centre for Discourse, Fusion, and Analysis (CDFA) his core interest includes Tech, Auto and global affairs.
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