Highlights
- Hyundai Motor India to raise car prices by up to ₹12,800 from June
- Maruti Suzuki announced price hikes of up to ₹30,000
- Mahindra & Mahindra to increase prices by up to 2.5%
- Automakers cite rising commodity prices, input costs and operational expenses
- Fuel prices have surged nearly ₹5 per litre in the last 10 days
- Global crude oil spike linked to escalating Iran conflict
- Higher vehicle prices likely to impact consumer demand in coming months
Updated News
Indian car buyers are set to face another round of price hikes as leading automakers including Hyundai Motor India, Maruti Suzuki and Mahindra & Mahindra announced fresh increases across their vehicle portfolios starting June 2026.
Hyundai said it will raise prices of its cars by up to ₹12,800, while Maruti Suzuki plans hikes of up to ₹30,000 depending on the model and variant. Mahindra & Mahindra has also confirmed a price increase of up to 2.5% across its lineup.
The automakers attributed the latest revisions to rising input costs, higher commodity prices, increasing logistics expenses and operational cost pressures. Industry experts say sustained inflation in raw materials such as steel, aluminium and electronic components continues to impact manufacturing margins.
The announcements come at a time when fuel prices have already increased sharply following the recent surge in global crude oil prices amid escalating geopolitical tensions in West Asia and the ongoing Iran conflict. Petrol and diesel prices in several Indian cities have reportedly risen by nearly ₹5 per litre over the last 10 days.
With both vehicle ownership and running costs climbing simultaneously, analysts believe the price hikes could affect consumer sentiment and slow demand growth in the passenger vehicle market, especially in the entry-level and mid-segment categories.
Automobile companies across India have been periodically revising prices over the past year as they attempt to offset cost pressures while maintaining profitability in a competitive market.
