The South Korean automotive manufacturer Hyundai Motor Company is not considering raising car prices in Indonesia in the near term despite the ongoing conflict in the Middle East.

The war has driven up various commodity costs - from crude oil and logistics to raw materials used in plastics - and has also contributed to the depreciation of the rupiah against the US dollar.

The Chief Operating Officer of Hyundai Motors Indonesia, Fransiscus Soerjopranoto, stated that the company is not under pressure to reduce production expenses and remains focused on delivering the best possible value to customers.

He explained that cost increases could be absorbed through improvements in manufacturing and distribution processes, ensuring that dealers are not burdened. This statement was made during a meeting at the Hyundai office in Jakarta on April 16th, 2026.

Fransiscus further noted that Hyundai's selling prices are expected to remain stable, as the company aims to strengthen car sales during the current year.

Hyundai also reaffirmed its commitment to introducing environmentally friendly, electric-powered products to the market. He further added that these efforts are intended to support customers while maintaining stability within the automotive industry.

Fransiscus expressed hope that the Indonesian government would provide renewed support to the automotive sector through incentives for electric vehicles. These incentives have been withdrawn this year in favour of prioritising the national car programme.

The transition from internal combustion engine vehicles to electric vehicles was described as a reflection of growing environmental awareness. Fransiscus also called for additional benefits for electric vehicle users beyond tax incentives, including preferential pricing for toll roads and parking. He stated that such measures are expected from the government.