Hyundai to increase car prices from January 1

Hyundai recently launched the new Venue in India.

• Hyundai to raise car prices by 0.6% from January 1, 2026
• Price hike due to increased input costs and commodity prices
• Other carmakers like Honda, Nissan and BMW also announce January price hikes

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Hyundai Motor India today announced that it will increase the prices of its cars from January 1, owing to a rise in input costs. The weighted average price hike will be around 0.6%.

The carmaker currently offers two electric vehicles (EVs) -- Creta Electric and Ioniq 5. It has eight internal combustion engine (ICE) models -- Grand i10 Nios, i20, Aura, Verna, Exter, Venue, Creta and Alcazar.

"Due to the rise in the cost of precious metals and commodities, Hyundai Motor India will undertake a weighted average price increase of around 0.6% across its model range, effective from January 1, 2026," the company said in a regulatory filing.

"While the company continuously strives to optimise costs and minimise the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this minor price increase," it added.

Carmakers usually increase prices twice a year, first in January and then in April.

This will be the first price hike to be taken by Hyundai after the price cuts announced by the company in September, following the Goods and Services Tax (GST) rate rationalisation.

In GST 2.0, the Verna received the lowest price cut at Rs 60,640, while the Tucson saw the biggest price drop of up to Rs 2,40,303. For reference, the Tucson has now been discontinued from the Indian market.

Apart from Hyundai, carmakers like JSW MG Motor, Honda, Nissan and Renault have also announced price hikes, effective from January. Among the luxury original equipment manufacturers (OEMs), Mercedes-Benz and BMW will also increase the prices of their cars.