New Delhi, April 8, 2026: Hyundai Motor India Ltd (HMIL) has announced a price increase of up to 1% across its vehicle portfolio, effective May 2026, citing sustained escalation in input and operational costs.
The company stated that while it has consistently absorbed cost pressures to shield customers, the continued rise in raw material and logistics expenses has necessitated a partial pass-through via a marginal price revision. The extent of the increase will vary depending on specific models and variants.
Robust Sales Performance
HMIL reported a strong operational performance, with total sales reaching 69,004 units in March 2026, marking a 2.5% year-on-year (YoY) growth. Domestic sales stood at 55,064 units, reflecting a 6.3% YoY increase and the company’s highest-ever domestic March sales.
For the fourth quarter (January–March 2026), total sales rose 8.7% YoY to 2,08,275 units. Domestic sales during the quarter grew 8.5% YoY to 1,66,578 units—its highest quarterly domestic performance to date. Exports also recorded a healthy 9.4% growth, reaching 41,697 units.
Industry-Wide Cost Pressures
The price revision aligns with broader industry trends, as automakers continue to face cost pressures. Earlier, Tata Motors implemented a 0.5% increase in passenger vehicle prices and a 1.5% hike in commercial vehicle prices from April 1, 2026.
Positive Industry Outlook
Despite pricing adjustments, India’s automobile sector closed FY26 on a strong note, supported by steady demand, new product launches, and expanding market reach. The continued sales momentum across major manufacturers indicates sustained consumer confidence and a resilient growth trajectory for the sector.
