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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Hyundai Motor shares in focus as company announces up to 3% price hike from April
Hyundai Motor India shares will be in focus on Thursday after the company announced a price hike of up to 3% across its models from April 2025, citing rising raw material and operational costs.
The price hike will vary depending on the model, the company said. This is Hyundai's second price hike since its initial public offering (IPO) in October. It raised prices by up to Rs 25,000 across models in December.
«At Hyundai Motor India Limited, we strive to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment. The price increase will be effective in April 2025. We remain committed to making consistent internal efforts to minimise any future impact on our valued customers,» said Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL.
Previously, Maruti Suzuki India, Kia India and Tata Motors also announced their decision to hike vehicle prices from next month.
Also Read: Stocks in news: Raymond, DMart, Trent, Hyundai Motor, NHPC
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Hyundai sales:
Hyundai Motor India on Saturday said its total vehicle dispatches declined 3 per cent year-on-year to 58,727 units in February. The company had sold 60,501 units in February last year.
The automaker said it dispatched 47,727 units to dealers in the domestic market last month, a drop of 5 per cent as compared with 50,201 units in February 2024.
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
markets
UPS
IPO
NVIDIA
SpaceX
Even at $5 trillion, Nvidia is underappreciated
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21.05 / 10:17
markets
Digital
CEO
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markets
IPO
Racing
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SpaceX
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21.05 / 09:47
markets
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markets
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Secured credit cards: Unlocking credit and building a credit score for millions
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UPS
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