Dec 12, 2023
By: TimesofindiaStarting in January, prospective car buyers can expect to pay more for their new vehicles. This price hike comes as a response to cost pressures and the impact of general inflation, with several automakers confirming their intention to increase prices. Swipe right for complete details.
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Maruti Suzuki India recently announced its decision to implement price hikes for all its models come January. Along with this, Maruti Suzuki will be launching its first electric SUV, the eVX in the Indian market in mid-2024.
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Indian automotive manufacturer Tata Motors is also set to implement price increases across its passenger and commercial vehicles lineup in January 2024. The carmaker has a strong EV portfolio and is all set to launch its Harrier EV and Curvv EV in 2024.
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From January 1, 2024, Hyundai Motor India is set to raise the prices of its models, owing to rising input costs, unfavorable exchange rates, and a rise in commodity prices. In other news, Hyundai will be launching its Creta facelift on January 16, 2024, in the Indian market.
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Mahindra has also announced its plans for a price revision for its SUV lineup, set to take effect in January 2024. Additionally, the carmaker will also be introducing the electric version of the XUV700, the XUV.e8 in the Indian market in December 2024.
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Honda Cars India has also confirmed that it will be increasing the prices across its complete model range starting January 2024. The company states that the introductory pricing for the Honda Elevate will remain in effect until December 23.
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MG Motor India also announced its decision to increase the prices of its Hector, Astor, and other models in the country, starting from January 2024. The price hike is attributed to escalating costs influenced by overall inflation and heightened commodity prices, as stated by the company.
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Volkswagen Passenger Cars India today announced its decision to implement a price increase of up to 2 percent across its model range, owing to rising input and material costs effective from January 1, 2024.
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Citroen India will also be raising the prices of its cars by 2.5-3 percent from January 1, 2024. The company’s India lineup includes the C3, eC3, C3 Aircross and C5 Aircross.
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Audi India has announced a price increase of up to 2% across its model range due to the increasing input and operational costs. The price hike will take effect from January 01, 2024.
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BMW India recently announced a price increase of up to two percent across its complete portfolio starting January 1, 2024. The decision to implement this price hike is driven by increasing input costs and fluctuations in exchange rates, says the company.
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Mercedes-Benz India has also confirmed that it will be revising the prices of its models from January 1, 2024, without specifying the extent of the price increase.
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