Hyundai Announces 1% Price Hike from May

April is the start of a new financial year in India and prices of automobiles usually go up northwards during this time. OEMs find this as the perfect opportunity to adjust prices of their respective models for rising inflation and input cost. However, this year, only a handful of passenger vehicle brands, mostly in the luxury space, have increased prices of cars in April this year. 

Hyundai Motor Company has now announced a marginal 1 percent price hike across its entire effective May 2026. The company says that the price revision is attributed to a combination of various cost escalations. The quantum of increase will vary based on the variants and models. 

The South Korean carmaker further added that its endeavour is always to absorb rising costs to safeguard our customer from price fluctuations. Rising input costs have forced the carmaker to a slight price increase to offset part of the impact. Add to that the recent geopolitical tensions haven’t been suitable for business globally. 

Also READ: Auto Retail Sales Hit Record High in FY2026 With 13.3% Growth: FADA

Hyundai India Sales

Recently, Hyundai reported total sales of 2,08,275 units in Q4 FY2026, marking an 8.7 percent year-on-year increase. Domestic sales reached a record 1,66,578 units for the quarter, up 8.5 percent YoY, while exports stood at 41,697 units, growing 9.4 percent. For March 2026, the company posted total monthly sales of 69,004 units, a 2.5 percent increase over the same month last year. Domestic sales for the month hit an all-time high of 55,064 units, reflecting a 6.3 percent YoY growth.

Hyundai India Recent & Future Developments

Hyundai's last big launch was the second-generation Venue in November 2025. With prices starting at ₹7.99 lakh, the new Venue was received with open arms by the industry garnering 55,000 bookings within two months of its launch. Hyundai launched a mild facelift of the Verna last month that came with subtle cosmetic updates along with a few additional features. The company is also working on the third generation Hyundai Creta which is expected to make  its debut early next year.