Latest news with #HyundaiMotorCompany
ArabGT
18 hours ago
- Automotive
- ArabGT
Why Hyundai Prices Are Going Up in 2025
Unofficial reports suggest that Hyundai prices across its 2025 vehicle lineup in the US are set to increase by around 1%. While the percentage may seem small, it translates to an average rise of roughly $400 — or about 1,500 Saudi riyals — on a vehicle priced at $40,000. This upcoming adjustment reflects growing pressure on global automakers, as the industry continues to face soaring costs for raw materials, logistics, and electronic components. Legacy tariffs introduced under President Trump are also contributing to the financial strain. What's Driving the Hyundai Price Increase? Hyundai, like many of its competitors, is navigating rising production expenses tied to materials such as aluminum, steel, and semiconductor chips — all essential to modern vehicles. In a formal statement, a company spokesperson said Hyundai only made this pricing decision after a thorough review of manufacturing and distribution costs to ensure continued quality and customer support. Prior to the anticipated increase, Hyundai prices in the US were approximately: 2025 Hyundai Tucson – $27,000 (≈ 101,250 SAR) 2025 Hyundai Sonata – $25,500 (≈ 95,625 SAR) 2025 Hyundai Palisade – $35,000 (≈ 131,250 SAR) 2025 Hyundai Ioniq 5 – $45,000 (≈ 168,750 SAR) After a 1% increase, expected Hyundai prices would look like this: Tucson – ~$27,270 (≈ 102,262 SAR) Sonata – ~$25,755 (≈ 96,581 SAR) Palisade – ~$35,350 (≈ 132,344 SAR) Ioniq 5 – ~$45,450 (≈ 170,438 SAR) Although the increase may seem modest, it still marks a notable shift for customers navigating a highly competitive car market. Applies to All Models — But There's Wiggle Room Hyundai clarified that the updated Hyundai prices will affect all model types — including EVs, hybrids, and traditional gasoline vehicles — with the changes taking effect for production and deliveries starting June 1, 2025. Buyers, however, may still find opportunities to save. Dealer offers, end-of-inventory sales, and various financing incentives can help cushion the impact. Whether you're eyeing a fuel-sipping Sonata Hybrid or considering the all-electric Ioniq 5, acting before the new pricing takes hold could result in significant savings. Additionally, Hyundai dealers may roll out special incentives such as cash rebates or extended low-interest financing options — up to 72 months on select models — to maintain sales momentum despite the increase in Hyundai prices. Impact on Market Position and Consumer Choices Industry experts suggest that Hyundai's measured approach to raising prices is likely intended to preserve its competitive edge without pushing buyers toward rival brands like Toyota, Nissan, Kia, or Mitsubishi. Still, if Hyundai prices rise beyond the current 1%, some consumers may explore more affordable alternatives or brands with better offers. Other manufacturers, including Ford and General Motors, are reportedly considering similar pricing strategies but are expected to wait for Q2 2025 sales data before making final moves. The expected 1% hike in Hyundai prices for 2025 models highlights the broader cost challenges facing the automotive sector. For buyers, the best advice is to plan ahead, compare incentives, and act quickly if looking to purchase before prices rise. While the increase itself isn't drastic, it underscores the changing dynamics of car pricing in today's economic climate — and raises questions about whether more adjustments are on the horizon.
Economic Times
a day ago
- Business
- Economic Times
The primary market puzzle: Too much, yet too little?
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Typically, when primary markets are buzzing with palpable action, it is often a reflection of surging business confidence and economic momentum. When companies raise large sums of money through IPOs and QIPs (Qualified Institutional Placements), that new capital often flows into productive uses—new projects, capacity expansion, technology upgrades, and other capital the well-known multiplier effect of such investments, this can set off a virtuous cycle of economic growth. That is how usually the rub-off effect plays out for the economy from the robust primary flows. Is that the case now too?FY25 saw a remarkable surge in capital raising, with over ₹3.14 trillion mobilized through IPOs and QIPs—a level rarely seen before. In fact, it's hard to recall any prior instance when Indian markets saw such a deluge of primary fund inflows. It could very well be a historical the natural question is: Are we about to witness a new wave of economic growth, this time powered by private capex turn?Let's dive in to dig deeper to find the this exercise, all that we need to do is to go back and assess how the funds raised in the previous year translated into actual capital investments. In terms of fundraising from primary markets, FY24 was not far behind the year gone by (FY25).It was equally a blockbuster year in its own right - though the overall quantum was smaller compared to the surge seen in FY25, it still marked a significant uptick in the primary market led primarily by QIP Markets witnessed fundraising of over Rs 1.40tn from primary markets in the year FY24, predominantly driven by QIPs which constituted over 54% of the overall quantum. This much is well known. But what has not received the deserved attention is how these funds were utilized only a little over a quarter of the capital raised was actually deployed in new projects or any capacity expansion. A significant share went towards debt repayment and general-purpose corporate expenditure, while a substantial portion found its way into the hands of institutional investors or promoters through Offer for Sale ( OFS ) story is no different for FY25 with new capital projects receiving a meagre share of the overall fundraising. While this is good for the promoters and institutional investors, not so good for the economy. One doesn't need to go too far to understand this than to look at the much-trumpeted Hyundai IPO that happens to be the largest ever IPO India has seen. It was entirely an Offer for Sale(OFS) by the parent company, Hyundai Motor Company, involving the sale of a 17.5% stake in its Indian subsidiary. No new shares were issued, and the Indian entity did not receive any proceeds from the is not going to stop here. Looking at the pipeline of IPOs, the story is likely to follow a similar script even in the current year. Many more MNC promoters are lining up to tap into the premium valuation that India offers to cash out in a hurry, especially given their financial challenges back home. It is a question of time before the LGs and Whirlpools of the world swing into this seductive IPO/QIP what kind of multiplier impact it would have had on the growth if a larger share of the fundraising had gone into new capital projects. That much for the IPO intriguing—and somewhat concerning—that India Inc. has yet to fully unleash its animal spirits to invest in new projects and capacity expansion, especially at a time when the sun is clearly shining on the primary markets. For context, the share of private sector investment as a percentage of GDP has been stagnating around 11% for several was a brief glimmer of improvement in FY23, when this figure inched up to 12.3% from 11.4% in FY22. However, this momentum failed to sustain. Despite a booming primary market in FY24, private investment slipped back to 11.2% and is estimated to have further dipped below the 11% mark in FY25—the lowest in over a decade, excluding the Covid-induced slump of FY21 when it fell to 10%.Global surplus capacity in many commodities, persistent Chinese dumping and the ongoing tariff related uncertainties could be the factors that are keeping India Inc. hesitant when it comes to unleashing new projects. It is hard to blame India Inc for not doing its the subdued global outlook, these challenges are unlikely to recede any time soon. This means that the wait for the ever-elusive turn in the private capex cycle may be longer than previously hoped by the markets. While the market may continue to pin its hopes for a quicker turn, one needs to keep a tab on where the money gets utilized from the ever-increasing fund raise in the primary markets for any hints on such a turn. Interesting Times!(The author, ArunaGiri N is the Founder CEO & Fund Manager at TrustLine Holdings)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
a day ago
- Business
- Time of India
The primary market puzzle: Too much, yet too little?
Typically, when primary markets are buzzing with palpable action, it is often a reflection of surging business confidence and economic momentum. When companies raise large sums of money through IPOs and QIPs (Qualified Institutional Placements), that new capital often flows into productive uses—new projects, capacity expansion, technology upgrades, and other capital investments. Given the well-known multiplier effect of such investments, this can set off a virtuous cycle of economic growth. That is how usually the rub-off effect plays out for the economy from the robust primary flows. Is that the case now too? FY25 saw a remarkable surge in capital raising, with over ₹3.14 trillion mobilized through IPOs and QIPs—a level rarely seen before. In fact, it's hard to recall any prior instance when Indian markets saw such a deluge of primary fund inflows. It could very well be a historical first. So, the natural question is: Are we about to witness a new wave of economic growth, this time powered by private capex turn? Let's dive in to dig deeper to find the answers. Live Events For this exercise, all that we need to do is to go back and assess how the funds raised in the previous year translated into actual capital investments. In terms of fundraising from primary markets, FY24 was not far behind the year gone by (FY25). It was equally a blockbuster year in its own right - though the overall quantum was smaller compared to the surge seen in FY25, it still marked a significant uptick in the primary market led primarily by QIP . Markets witnessed fundraising of over Rs 1.40tn from primary markets in the year FY24, predominantly driven by QIPs which constituted over 54% of the overall quantum. This much is well known. But what has not received the deserved attention is how these funds were utilized subsequently. Surprisingly, only a little over a quarter of the capital raised was actually deployed in new projects or any capacity expansion. A significant share went towards debt repayment and general-purpose corporate expenditure, while a substantial portion found its way into the hands of institutional investors or promoters through Offer for Sale ( OFS ) route. The story is no different for FY25 with new capital projects receiving a meagre share of the overall fundraising. While this is good for the promoters and institutional investors, not so good for the economy. One doesn't need to go too far to understand this than to look at the much-trumpeted Hyundai IPO that happens to be the largest ever IPO India has seen. It was entirely an Offer for Sale (OFS) by the parent company, Hyundai Motor Company, involving the sale of a 17.5% stake in its Indian subsidiary. No new shares were issued, and the Indian entity did not receive any proceeds from the IPO. It is not going to stop here. Looking at the pipeline of IPOs, the story is likely to follow a similar script even in the current year. Many more MNC promoters are lining up to tap into the premium valuation that India offers to cash out in a hurry, especially given their financial challenges back home. It is a question of time before the LGs and Whirlpools of the world swing into this seductive IPO/QIP syndrome. Imagine, what kind of multiplier impact it would have had on the growth if a larger share of the fundraising had gone into new capital projects. That much for the IPO boom. It's intriguing—and somewhat concerning—that India Inc. has yet to fully unleash its animal spirits to invest in new projects and capacity expansion, especially at a time when the sun is clearly shining on the primary markets. For context, the share of private sector investment as a percentage of GDP has been stagnating around 11% for several years. There was a brief glimmer of improvement in FY23, when this figure inched up to 12.3% from 11.4% in FY22. However, this momentum failed to sustain. Despite a booming primary market in FY24, private investment slipped back to 11.2% and is estimated to have further dipped below the 11% mark in FY25—the lowest in over a decade, excluding the Covid-induced slump of FY21 when it fell to 10%. Global surplus capacity in many commodities, persistent Chinese dumping and the ongoing tariff related uncertainties could be the factors that are keeping India Inc. hesitant when it comes to unleashing new projects. It is hard to blame India Inc for not doing its due. Given the subdued global outlook, these challenges are unlikely to recede any time soon. This means that the wait for the ever-elusive turn in the private capex cycle may be longer than previously hoped by the markets. While the market may continue to pin its hopes for a quicker turn, one needs to keep a tab on where the money gets utilized from the ever-increasing fund raise in the primary markets for any hints on such a turn. Interesting Times! (The author, ArunaGiri N is the Founder CEO & Fund Manager at TrustLine Holdings)
Korea Herald
3 days ago
- Automotive
- Korea Herald
Hyundai Motor denies tariff-driven US price hike rumors
Hyundai Motor Company has pushed back against speculation that it plans to raise vehicle prices in the US in response to the Trump administration's recently imposed 25 percent tariff on imported cars. The denial follows a Bloomberg report on Thursday that said Hyundai is ready to increase retail prices in the US by around 1 percent as early as next week to offset the impact of the tariff. Citing an anonymous source, the report also mentioned a potential rise in shipping costs and the prices of certain optional features. 'We have not made any decision regarding price changes after the current price guarantee period ends on June 2,' a Hyundai Motor official said on Friday, clarifying that this is the company's official stance. The official explained that June is the period when the company conducts its regular price review to adjust for market changes, but this review is not related to the recently imposed tariff. The 25 percent tariff, which took effect April 3, has raised concerns within the industry. Hyundai, however, has consistently denied any direct link between the levy and retail pricing decisions. The company has pledged to maintain its current vehicle prices, including those for its luxury brand, Genesis, through June 2 despite the tariff. Hyundai Motor's CEO Jose Munoz, also stated during his speech at the Seoul Mobility Show 2025 on April 3 -- the same day the tariffs were imposed -- that there were no plans to raise prices in the US. In a separate speech in New York, however, he was reported to have hinted at possible price adjustments depending on future market conditions after June. Hyundai has come under growing pressure to review its US pricing strategy since the tariff was introduced. The company is expanding its local production capacity with the recent opening of Hyundai Motor Group Metaplant America in Georgia, which adds up to 300,000 units in annual capacity. However, a significant portion of its US vehicle supply is still imported from Korea. Hyundai Motor Company's Korean plants exported 637,638 units to the US last year, accounting for approximately 69.9 percent of its total US sales.
Forbes
7 days ago
- Automotive
- Forbes
Hyundai Aims To Win Through Design; The 2026 Palisade Ups The Game
The 2026 Hyundai Palisade Not all that long ago buyers looked at Hyundai and sister company Kia, wondering 'what's the difference?' and didn't see a clear answer. Sedans and SUVs built by the two brands shared (and still do) platforms, powertrains, and technology. They differed in design, but subtly; it was easy to see the shared DNA. About that time the parent company Hyundai Motor Company set a new path to become a global player and drive future technology. This meant getting out of the budget rut that squeezes margins and can diminish reputations. The goal was set to turn the brands into premium carmakers. This is where Hyundai and Kia began to diverge: Hyundai focused on 'modern lounge' designs with more intuitive, sophisticated interiors and evolving its track-worthy N trim. Kia focused on rugged modernity defined by its X-line and star map lighting signatures. Both created distinct design languages that apply across their landscapes and unify their lineups. This idea of unified design comes through clearly in Hyundai's newest project, the redesign of the 2026 Palisade, a three-row SUV inflected with the brand's evolved design language. Inside you'll find elements we first saw in the Ioniq 5: Pixels, advanced technology and flexible, comfortable interiors that recognize that time in the car should be relaxing and social for everyone. The pixel motif, denoted by small squares that create patterns in Hyundai's EVs, is less prevalent and more intimated on the Palisade; pixels replace the 'H' logo on the steering wheel, which now features four diminutive squares (Morse code for the letter 'H'). The pixel design is hinted in seat perforations and rear backup lights that form a vertical line next to the tail lights. Other EV inspired details include the floating center console between the front seats, relaxation seats with a greater recline angle and foot rests and an updated flat-screen multimedia panel that spans the front dash. The interior of the 2026 Hyundai Palisade features rounded corners and muted tones An intentional sense of calm balances the pixels and technology that define modern Hyundai models, especially in its larger models such as the Palisade and the Ioniq 9. This was achieved using muted colors and tones, from light and medium gray leather or leatherette to softly-finished wood trims and a reduced use of chrome; those elements are further quieted by adding a matte finish. Rounded corners and gently sloped surfaces add to the relaxed feel; the center console armrest, which floats between the dash and the front seats and allows space to stow a handbag, is curved on all sides. It rises slightly to meet your elbow, adding a more human scale by reducing the sharp-edged puzzle-piece assembly that can define a car's interior. The result is a sense of coziness that's still roomy and allows for stretching out. New technology in the Hyundai Palisade also adds to the sense of calm with faster, more intuitive function. Apple CarPlay and Android Auto now connect wirelessly; 'Hey Hyundai' voice assistance is now included and a rear occupant alert is so sensitive it can detect a sleeping baby. New daytime running lights mirror the rear tail lights to create the Palisade's new lighting ... More signature Probably most notable on the 2026 Hyundai Palisade are the front and rear ends flanked by stacked linear lights to create its lighting signature. Daytime running lights, which are etched metal panels designed to glow during the day and light up at night, flank the front corners of the Hyundai Palisade and frame new LED headlights. On the rear, the tail lights nearly mirror the daytime running lights with a similar shape and also define its rear corners. Overall, the effect is distinct and allows the Palisade to show off its new signature in any light. The Hyundai Palisade XRT model is designed for off road adventure The biggest news for buyers are two new options for the Hyundai Palisade: a hybrid Ecco model and an off-road focused XRT model. The Ecco model may shake the marketplace the most; it offers a powerful 4-cylinder hybrid powertrain that delivers 329 hp and is estimated to earn 34 MPG. Hyundai showed off the Ecco model in the Calligraphy trim, its most luxe level that features leather upholstery, heated power seats in all three rows and front massaging seats, among other pampering details. The XRT model, following in the footsteps of the Santa Fe and the Ioniq 5 XRT, delivers more off-road capability with off-road driving modes for mud and sand, all-terrain tires, recovery hooks and a higher ground clearance. The Palisade XRT also features model-specific leatherette seating with a mountain motif and a unique front grille designed to better deflect brush and dirt. The boxy SUV trend defines the 2026 Hyundai Palisade If there's one thing that the automotive industry has learned, it's that SUV buyers like voluminous and muscular SUVs. Hyundai Motor Company learned first hand in 2020 when it rolled out the best-selling Kia Telluride and since, the mantra seems to have been 'boxy is better.' We saw this in the Hyundai Santa Fe and now the Hyundai Palisade. Even the Hyundai Ioniq 5 EV, the first model to build on the pixel design language, delivered on the boxy trend, becoming not only one of the best-selling EVs but winning all sorts of awards including World Car of the Year, World Electric Vehicle and World Car Design of the Year for 2022. For 2026, the Hyundai Palisade, through its design and attention to detail, illustrates just how far Hyundai has come on its journey to lead the automotive industry.
