Hyundai Motor India Hikes Prices: To ride a new car in the new year 2025, you will have to loosen your pocket more. Hyundai Motor India Limited has announced to increase the prices of its vehicles from January 1, 2025. The company said that due to increase in input cost, weakness in rupee against dollar and increase in logistics costs, it has decided to increase the prices of cars.
In the regulatory filing on the Stock Exchange, Hyundai Motor India has given information about the decision to increase the prices of its cars. The company said that it is going to increase the prices of its vehicles from January 2025, about which information is given in advance. The company said in its statement, Hyundai Motor India has decided to increase the prices of vehicles from January 1, 2025 due to increase in manufacturing costs, unfavorable exchange rates and increase in freight costs.
Hyundai Motor India said, it has always been the endeavor of the company to minimize the burden of rising costs on the customers so that the burden of price increase does not fall on the customers. Due to Hyundai Motor India’s decision to increase the prices of cars, there is a slight rise in the company’s stock on the stock exchange.
Shares of Hyundai Motor India rose by 1.38 percent to reach Rs 1898 during the day’s trade, which is currently trading at Rs 1880. However, Hyundai Motor India shares are trading below the IPO issue price of Rs 1965. This means that the investors who have been allotted shares in the IPO are still incurring losses. And now the customers who buy the company’s cars are also going to lose money.
