{
  "id": 1974148,
  "title": "Hyundai Cars To Get Costlier From September As Company Announces Up To 1% Price Hike",
  "url": "https://urgent.news/2026/08/19/hyundai-cars-to-get-costlier-from-september-as-company-announces-up",
  "topic": "world",
  "section": "World",
  "published": "2026-08-19T15:52:10.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/hyundai-cars-to-get-costlier-from-september-as-company-announces-up-to-1-price-hike"
  },
  "original_language": "en",
  "account": "In a move effective September 2026, South Korean automobile giant Hyundai Motor India Limited has decided to raise the prices of its vehicles by up to 1 percent across its portfolio. This decision was made due to the escalating costs of inputs, commodities, and operational expenses, as well as ongoing geopolitical and economic uncertainties. The magnitude of the price increase will differ based on the specific model and variant of the vehicle.\n\nHyundai has been striving to optimize costs and absorb the rising pressures, aiming to minimize the impact on consumers. However, due to the persistent rise in expenses, the company had no choice but to pass on a portion of the added costs to the customers. This price revision has been prompted by a combination of factors, including increased input and commodity costs, higher operational expenses, and persistent geopolitical and macroeconomic uncertainties.\n\nThis announcement follows a similar price hike by India's largest carmaker, Maruti Suzuki, which increased the prices of its Arena and Nexa line-up by Rs 2,500 to Rs 30,000, depending on the model and variant, starting from August 2026. The latest price hike marks Maruti Suzuki's second revision this year, following a similar revision in June.\n\nThis step comes amid mounting pressure on Hyundai's profitability. The company's consolidated profit after tax declined to Rs 888.6 crore in the first quarter of the fiscal year 2027, down from Rs 1,369.2 crore in the same period last year. Revenue from operations also fell by 0.5 percent year-on-year to Rs 16,334.6 crore, compared to Rs 16,412.9 crore in the previous year. Additionally, the company's EBITDA dropped by 31 percent to Rs 1,511 crore, and the EBITDA margin contracted to 9.3 percent from 13.3 percent in the year-ago quarter.",
  "summary": "New Delhi, Aug 19: South Korean auto major Hyundai Motor India Limited on Wednesday announced that it will increase vehicle prices by up to 1 per cent across its portfolio, effective September 2026, citing rising input and commodity costs, higher operational expenses and continuing geopolitical and macroeconomic uncertainties. Hyundai announces price hike According to a stock exchange filing, the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}