Hyundai Hikes Car Prices by 0.6% from Jan 1, Enters Commercial Taxi Segment

• Hyundai Motor India will increase vehicle prices by an average of 0.6% across its model range, effective January 1, 2024, due to rising input costs.
• This move follows similar price hike announcements from other major automakers like Mercedes-Benz, Renault, MG Motor, Nissan, and BMW for the new year.
• Separately, Hyundai is entering India’s commercial mobility segment with the launch of its Prime Taxi range, featuring Prime HB and Prime SD models.
• The Prime Taxi lineup aims to compete with established players like Maruti Suzuki and Tata Motors in the commercial passenger vehicle market.
• Prime Taxi models offer high fuel efficiency (up to 28.40 km/kg in CNG for Prime SD) and fleet-friendly features like six airbags, rear AC, and parking sensors.

Why It Matters: Hyundai raises car prices by 0.6% and expands into India's commercial taxi market with new Prime models.