PS5 Now Costs ₹69,990 In India And The Timing Could Not Be Worse

By Shikhar Mehrotra • Updated On 30 Jul 2026

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TL; DR

Sony has raised the PS5 Standard Edition price in India to ₹69,990 from ₹54,990.
The hike is driven by the global memory shortage and mirrors price increases in other markets.
The new price is 40% higher than the PS5’s 2021 India launch price of ₹49,990.

Sony launched the PS5 in India in 2021 at ₹49,990: I can’t believe it has been five years. Five years and several global chip shortages later, the same console now costs ₹69,990: a 40% increase from the launch price.

The latest hike, confirmed via MRP stickers on new retail stock and Sony Center listings, brings the PS5 Standard Edition up by ₹15,000 from its previous India price of ₹54,990 (a 27% increase).

Also Read: Samsung’s Galaxy F70 Pro 5G Is Officially Coming To India

PS5 Standard Edition: Launch Price vs. Revised Price

Version	Launch price (2021)	Previous price	New price	Total increase
PS5 Standard Edition	₹49,990	₹54,990	₹69,990	₹20,000 (+40%)

Sony has cited the ongoing global memory shortage as the primary reason for the hike. The same shortage has driven price increases for PS5 across the US, UK, Japan, and Southeast Asia. India is part of that same global revision (though the pricing has arrived later in India).

The console is available for ₹54,990 via Flipkart (at the time of writing this article)

Also Read: The Government Has Finally Clarified Which Old Vehicles Actually Need Work Done For E20 Petrol

The Hike Coincides With GTA VI Launch

GTA 6 launches on November 19, 2026, which is the confirmed date for now, exclusively for PS5 and Xbox Series X/S. Furthermore, there could be a fair share of buyers who could have picked up the console with GTA VI; that’s the hype around the product.

At ₹69,990, the calculus changes considerably. I wouldn’t call the PS5 affordable at this point, but then, seeing the condition of the consumer tech market, nothing really is. Sony has made no announcement about a price rollback or a digital edition adjustment for India.

Also Read: Mercedes-Benz’s Entry-Level SUV Goes Electric For The First Time

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Shikhar Mehrotra

Shikhar Mehrotra is a seasoned technology writer and reviewer with over five years of experience covering consumer tech across India and global markets. At Smartprix, he has authored more than 1,700 articles, including news stories, features, comparisons, and product reviews spanning automobiles, smartphones, chipsets, wearables, laptops, home appliances, and operating systems. Shikhar has reviewed flagship devices such as the iPhone 16, Galaxy S25+, and Sennheiser HD 505 Open-Ear headphones. He also contributes regularly to Smartprix’s growing automotive section.

With a deep understanding of both iOS and Android ecosystems, Shikhar specializes in daily tech news, how-to explainers, product comparisons, and in-depth reviews. His DSLR photography in product reviews is recognized as among the best on the team.

Before joining Smartprix, Shikhar wrote for leading publications including Forbes Advisor India, Republic World, and ScreenRant. He holds a Bachelor of Arts in Journalism and Mass Communication from Amity University, Lucknow.

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