Hyundai Motor India to raise vehicle prices by up to 1% from September

Hyundai Motor India Ltd (HMIL) will growth costs of its vehicles by up to 1% throughout its portfolio from September 2026.

Key points

• Earlier, Mahindra & Mahindra confirmed an average rate growth of 2.7% on its sports utility vehicles (SUVs) and 2% on its Commercial Vehicle (CV) range, effective July 10, 2026.
• In a regulatory filing, Hyundai remarked, The Business has planned to growth the costs of its vehicles by up to 1% throughout its portfolio, effective September 2026.
• The latest revision will mark Hyundai's third cost hike in 2026.
• Citing persistent inflationary pressures and rising commodity costs, most carmakers in India continue to raise vehicle rates.
• It further stated, The firm continues to produce every endeavor to optimise costs and absorb cost escalations to minimise the impact on customers.

In a regulatory filing, Hyundai remarked, "The Business has planned to growth the costs of its vehicles by up to 1% throughout its portfolio, effective September 2026. The quantum of growth will vary depending on the model and variant." At present the firm sells a range of vehicles from entry hatchback Grandi10 NIOS to electric SUV IONIQ 5 with rate ranging from Rs 5.6 lakh to Rs 55.7 lakh.

"The price revision has been necessitated by a combination of rising input and commodity costs, higher operational expenses and continuing geopolitical and macroeconomic uncertainties, among other factors, " continued the filing.

It further stated, "The firm continues to produce every endeavor to optimise costs and absorb cost escalations to minimise the impact on customers. Nevertheless, the persistence of these cost pressures has necessitated passing on a part of the climbed costs to customers through this marginal cost revision."

Notably, the latest revision will mark Hyundai's third cost hike in 2026. The automaker had earlier raised vehicle rates by 0.6% from January 1 and by up to Rs 12, 800 ($133.68) from June 1, depending on the model and variant.

Citing persistent inflationary pressures and rising commodity costs, most carmakers in India continue to raise vehicle rates. For the second time in three months, Maruti Suzuki India (MSIL), the country's largest carmaker, in July confirmed that it will rise rates throughout its model range, effective August 2026.

Earlier, Mahindra & Mahindra confirmed an average rate growth of 2.7% on its sports utility vehicles (SUVs) and 2% on its Commercial Vehicle (CV) range, effective July 10, 2026. Tata Motors Passenger Vehicles (TMPV) in June decided to growth costs of its four-wheelers for the second time in a span of three months.

For now, hyundai Motor India to raise vehicle prices by up to 1% from remains the part of the story worth watching, and further updates are likely as more details are confirmed.