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In recent months, leading automobile manufacturers in India—Maruti Suzuki, Tata Motors, and Hyundai—have announced price hikes across their vehicle lineups. These increases, primarily attributed to escalating input costs and operational expenses, are set to impact consumers nationwide.
Maruti Suzuki
Maruti Suzuki, the country’s largest carmaker, has declared a price increase of up to 4% on its vehicles, effective April 2025. This adjustment is aimed at mitigating rising costs associated with raw materials and operations. The extent of the hike will vary depending on the specific model. Notably, this follows a similar 4% increase implemented in January 2025.
Tata Motors
Tata Motors has announced a price escalation of up to 3% for its passenger vehicles, including electric models, starting January 2025. This measure seeks to partially offset the surge in input costs and inflationary pressures. The precise increase will differ across various models and variants.
Hyundai Motor India
Hyundai Motor India has also declared a price hike across its entire model range, with increases reaching up to ₹25,000, effective January 1, 2025. This decision is driven by the need to counterbalance rising input costs, unfavorable exchange rates, and heightened logistics expenses.
Industry-Wide Trend
These price adjustments are part of a broader trend among automakers in India, who are grappling with increased production costs due to global commodity price surges, elevated import duties on raw materials, and ongoing supply chain disruptions. Other manufacturers, including luxury brands like Mercedes-Benz and Audi, have similarly announced price hikes ranging from 1% to 4%, effective January 2025.
For consumers considering the purchase of a new vehicle, these impending price increases may influence buying decisions. Prospective buyers might contemplate advancing their purchases to preempt the hikes or exploring alternative options within the evolving automotive market.
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