Hyundai increased the price of his cars, new rates will be applicable from January 1, every model will be affected

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Last updated:December 05, 2024, 13:01 IST

Due to the rising prices of raw materials, Hyundai Motor India will increase the prices of all its models by up to Rs 25,000 from January 1, 2025. The company says that it has tried to reduce the burden of rising cost, but now …Read more

New DelhiHyundai Motor India Limited has announced an increase in the prices of vehicles of its different models up to Rs 25,000 since January 1, 2025. Hyundai Motor India Limited (HMIL) said in the statement, “Protection has become necessary due to increase in cost of raw materials, expensive exchange rates and logistics cost.”

Tarun Garg, full -time director and Chief Operating Officer of HMIL, said, “After the continuous increase in the cost of raw materials, it has become mandatory to bear some part of it through mild changes in prices.” He said that this price increase All models will be applicable and its limit will be up to Rs 25000. The increase in prices will affect all models of 2025. Garg said that the company has always made every attempt to bear the rising cost by itself, so that it has the lowest impact on our customers. “Currently the price of various vehicle chains of HMIL is between 5.92 to 46.05 lakh rupees. .

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Alliance with IIT
Hyundai Motor Group has tied up with three Indian technology institutes (IITs) to speed up research in the field of batteries and electric vehicles. The company said on Tuesday that it is estimated to invest 7 million dollars in five years. The South Korean group, which has a presence in several areas including the vehicle, has tied up with IIT Delhi, IIT Bombay and IIT Madras.

The HyundiMotor Group has planned to invest about 70 million dollars in five years from 2025 to 2029 to jointly do research related to battery and electric vehicles (electrification) with IITs. The group said in a statement that under cooperation, Hyundai Excellence Center (COE) will be established in the IIT Delhi campus. It will be operated through sponsorship of HyundiMotor Group. He said that the primary objective of the Center of Hyundai Excellence is to pursue progress in batteries and electrification, which has been designed to meet the specific requirements of the Indian market, especially.