Hyundai Motor India has announced significant benefits of up to ₹1.69 lakh on its range of passenger vehicles in the Indian market. The South Korean automaker is offering these benefits on vehicles manufactured in CY2025, with the offer valid until January 31, 2026, or until stocks are exhausted. To qualify for these benefits, customers must complete a test drive between January 1 and January 31, 2026.

Models Covered Under the Benefit Scheme

The January 2026 benefit program covers six models from Hyundai's passenger vehicle lineup: Grand i10 Nios, i20, Aura, Exter, Verna, and Alcazar. The compact SUV Exter leads the lineup with the highest total benefits, while the Aura offers the most modest savings package. Notably, the popular Venue and Creta models remain excluded from this promotional offer.

Detailed Breakdown of Benefits

The benefits structure combines GST reductions with additional incentives across different models:

The Hyundai Exter offers the maximum benefits worth ₹1,69,209.00, including an ₹89,209.00 GST reduction and ₹80,000.00 in additional benefits. On the other end, the Hyundai Aura provides the lowest benefits totaling ₹1,06,465.00, comprising a ₹78,465.00 GST rate cut and ₹28,000.00 in additional benefits.

Geographic Limitations and Exclusions

While the benefit program covers most of India, it is not applicable in the state of Tamil Nadu. Additionally, two popular models from Hyundai's portfolio—the Venue and Creta—remain excluded from these promotional benefits, limiting the scope of the offer to the six specified models.

Recent Price Adjustments

This promotional move comes after Hyundai Motor India announced a price hike across its model range due to rising material costs. The company implemented an average price increase of approximately 0.6% across its entire model lineup, effective January 1. According to a stock exchange filing, the company stated that while it continuously strives to optimize costs and minimize impact on customers, it was constrained to pass on some increased costs to the market through this minor price increase.

Hyundai Motor India Limited reported strong December sales performance with total monthly sales reaching 58,702 units, marking a 6.6% year-on-year growth. The automotive manufacturer's performance was driven by both domestic market strength and robust export momentum.

December Sales Breakdown

The company's December sales demonstrated balanced growth across domestic and international markets. The comprehensive sales performance is detailed below:

Export Performance Drives Growth

Hyundai Motor India's export segment delivered exceptional performance with a 26.5% year-on-year jump in December. This strong export growth reinforces the company's 'Made-in-India, Made-for-the-World' initiative and demonstrates its expanding global market presence.

"Further, reinforcing our 'Made-in-India, Made-for-the-World' goal, we delivered 26.5% year-on-year growth in export volume in December, reaffirming our commitment to offering world-class products manufactured indigenously," said Tarun Garg, Managing Director & CEO of Hyundai Motor India.

New Vehicle Launch Success

The company attributed its robust performance to continued customer interest, particularly in the new Hyundai VENUE. The latest model has generated significant market response with bookings surging past the 55,000 mark within less than two months of launch. This strong booking performance indicates sustained demand for the company's refreshed product portfolio.

Market Performance vs Expectations

While achieving positive year-on-year growth, the actual sales figures of 58,702 units fell short of market estimates of 63,030 units. The variance of 4,328 units represents a 6.9% shortfall from analyst projections, though the overall growth trajectory remains positive.

Stock Performance Context

Hyundai Motor India shares have delivered solid long-term returns with a 28.61% gain over the past year. However, recent performance shows mixed trends with the stock up 3.18% over six months but down 8.90% over the past three months. The shares closed 0.50% higher at ₹2,311.25 on the previous trading session.