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 shares declined as much as 2.00% on Friday following the release of December sales figures that fell short of market expectations. The automaker reported total sales of 58,702 units, missing the Street estimate of 62,667 units despite achieving 6.60% year-on-year growth.

December Sales Performance

The company's December performance highlighted contrasting trends between domestic and export markets:

Domestic business proved to be a drag with minimal growth of just 0.50% at 42,416 units, while exports remained the primary growth driver with sales surging 26.50% to 16,286 units compared to the previous year.

Leadership Transition

In a significant development, the company announced that Tarun Garg has assumed charge as managing director and chief executive officer from January 1. This appointment makes Garg the first Indian national to lead the company since its establishment 29 years ago.

Garg succeeded Unsoo Kim, who is returning to a strategic role at Hyundai Motor Company in South Korea. The company's board had approved Garg's elevation in October as part of the firm's succession plan.

Market Performance and Outlook

"My vision is to build on our strong foundation while accelerating HMIL's transformation towards sustainable growth, technological leadership, and unmatched customer delight," Garg stated regarding his new role.

Shares of Hyundai Motor India were trading 1.90% lower at ₹2,270.70 on Friday. The stock has declined 21.00% from its post-listing high of ₹2,890.00, though it had gained 27.00% in the previous period. The export-led growth strategy continues to support overall performance despite domestic market challenges, with the strong international demand helping offset moderate local traction.