Hyundai Motor India Limited (HMIL) has announced a price hike of up to 3%, set to take effect from April 2025. The decision comes in response to rising input costs, increased commodity prices, and higher operational expenses.
Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, emphasized that while the company has worked to absorb rising costs, a price adjustment has become necessary. With the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment.
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