Gurugram, December 7, 2023: Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, has announced to increase prices of its models w.e.f. January 1, 2024. The company announced the price increase owing to rising input cost, adverse exchange rate and increase in commodity prices, amongst other reasons.
Commenting on the price hike, Mr. Tarun Garg, COO, Hyundai Motor India, said, “At Hyundai Motor India, we always try to absorb the cost escalations to the extent possible and ensure continuous customer delight. However, it has now become imperative to pass on some portion of the rising input cost to the market through a minor price increase. The price hike will be effective from January 1st, 2024.”
HMIL will continue to make consistent internal efforts to minimize future price impact to customers.
In other event
Hyundai Motor India Foundation announces INR 3 crore relief efforts in response to the recent devastating Michaung Cyclone in Tamil Nadu
Additionally, Hyundai Motor India has put-in-place an emergency road assistance team to support cyclone affected customer vehicles
- HMIF will provide relief kits such as dry rations, tarpaulin, bedsheets and mats. Medical camps will also be set up and HMIF will help clean villages in its efforts to address the after effects.
- HMIL has assigned a Special Task Force to assist Hyundai Customers.
- Free of Cost Road Side Assistance for Flood affected customer vehicles
- 50% support on depreciation amount on insurance claims of flood affected customer vehicles
- Hyundai Customer Care Helpline number 18001024645
Commenting on HMIF’s support to the residents of Tamil Nadu, Mr. Un Soo Kim, MD & CEO, Hyundai Motor India Ltd., said, “Hyundai Motor India stands in solidarity with people of Tamil Nadu in these testing times. As a reflection of our global vision – Progress for Humanity – we are committed to alleviate the challenges faced by communities during times such as these. We have contributed INR 3 crores towards the relief fund, which will deliver immediate help and bring significant impact to the affected regions & communities. HMIL has also set up a dedicated ‘Relief Task Force’ which will work closely with the District Administrations to offer support to the needy. For our beloved customers, we have ramped up our service support to flood affected customers in Tamil Nadu. We have also deployed a dedicated Emergency Roadside Assistance Service Team to support our customers.”
HMIF will provide relief kits such as dry rations, tarpaulin, bedsheets and mats. Medical camps will also be set up and HMIF will help clean villages in its efforts to address the after effects.
For Hyundai Motor India customers, the Company has put-in-place an emergency road assistance team and will offer 50% discount on depreciation amount on insurance claims of cyclone affected vehicles. Also, the company’s service network has been put on a high state of preparedness to attend to an expected higher influx of vehicles.