Hyundai Motor India Price Hike: If you’re planning to buy a new car in 2025, be prepared for higher prices. Hyundai Motor India Limited has announced that it will increase the prices of its vehicles starting January 1, 2025. The company attributes this decision to rising input costs, a weaker rupee against the dollar, and increased logistics expenses.
In a regulatory filing with the Stock Exchange, Hyundai Motor India disclosed its decision to hike car prices effective from January 2025. The company stated, “Due to increased manufacturing costs, unfavorable exchange rates, and higher freight costs, Hyundai Motor India has decided to raise vehicle prices starting January 1, 2025.”
Minimizing Customer Burden
Hyundai Motor India emphasized its ongoing efforts to minimize the impact of rising costs on customers. The company’s statement noted, “It has always been Hyundai’s endeavor to reduce the burden of price increases on our customers.”
Impact on Stock Prices
Following the announcement, Hyundai Motor India’s stock experienced a slight uptick. Shares rose by 1.38%, reaching Rs 1898 during the day’s trade, with current trading prices around Rs 1880. However, this remains below the IPO issue price of Rs 1965, indicating that IPO investors are still facing losses. Meanwhile, customers will need to dig deeper into their pockets for Hyundai cars in the new year.
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