Leading automaker Hyundai Motor India Ltd. (HMIL) has announced a 1% price hike across its range, effective from May. The company attributes this increase to various cost escalations, with the exact raise varying depending on the models and variants. HMIL stated that while they aim to shield customers from price fluctuations, rising input costs have necessitated this marginal adjustment.
In March 2026, HMIL saw a 2.5% year-on-year growth in sales, totaling 69,004 units, including 55,064 units in domestic sales. This marked the company’s highest-ever domestic sales for March, showing a 6.3% year-on-year growth. Overall sales for January to March 2026 reached 208,275 units, reflecting an 8.7% year-on-year increase.
The company’s domestic sales for Q4 stood at 166,578 units, up by 8.5% year-on-year, setting a new quarterly sales record. Additionally, exports rose by 9.4% to 41,697 units. In a similar move, Tata Motors Passenger Vehicles Ltd. had earlier announced a 0.5% price hike for its passenger vehicle portfolio, effective April 1, 2026, to counter rising costs.
Tata Motors also adjusted prices by 1.5% for its commercial vehicle range from the same date to offset the impact of increasing commodity prices and other input costs. Shailesh Chandra, Managing Director and CEO of Tata Motors Passenger Vehicles Ltd., highlighted the prolonged period of higher input costs, leading to the necessity of this price adjustment. The Indian automobile sector closed March 2026 on a positive note, with strong sales driven by consistent demand, new product launches, and enhanced customer outreach.
