Hyundai cars to get costlier from January 2023

New Delhi : Hyundai Motor India Ltd has announced that it will increase prices of its vehicles across models from January 2023 following steep rise in the input cost. The company joins the like of the market leader Maruti Suzuki India, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India, and MG Motor, who have already made the year-end announcements to hike the prices from next month.

Industry sources said the car manufacturing companies in India are faced with hike in the input cost and the decision to increase the prices of cars for the end users is being taken to offset the impact.

New prices for Hyundai models will come into effect from January 2023. The company said it will continue to make consistent internal efforts to minimize the price impact to the customers.