In a regulatory filing to the stock exchanges, the automaker said the price hike, which was earlier announced on April 8, will now come into effect from June 1, 2026, “considering the prevailing market conditions and to ensure a balanced approach towards customer interest.”
“The extent of price increase is up to a maximum of Rs 12,800 and it will vary depending on the model and variant,” the company said.
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Hyundai attributed the increase to higher input costs, rising commodity prices and elevated operational expenses.
While the company said it has been making efforts to optimise costs and minimise the burden on customers, it added that it was constrained to pass on part of the increased costs to the market through a “nominal price increase”.
The announcement comes just days after Maruti Suzuki India said it would raise prices across its vehicle portfolio by up to Rs 30,000 from June 2026 due to sustained increases in input costs and inflationary pressures.Maruti Suzuki had said it was undertaking continuous cost reduction measures over the past few months to mitigate the impact of rising costs and limit the burden on customers, but noted that a part of the increased expenses would need to be passed on to the market.
The move by both automakers reflects continued pricing pressure in the automobile sector, with manufacturers grappling with higher raw material, commodity and logistics costs while attempting to protect margins.