In a series of announcements, leading automobile manufacturers Tata Motors, Maruti Suzuki and Kia India have announced price hikes for their passenger vehicle portfolios from January 2025.
Tata Motors, India’s largest automaker, revealed that it will increase prices by up to 3% across its entire range, including electric vehicles (EVs). The hike, effective from January 2025, will vary by model and variant. The move is aimed at partially mitigating the impact of rising input costs and inflation.
Kia India also announced a price hike of up to 2% across its entire lineup, effective from January 1, 2025. This adjustment is due to rising commodity prices, unfavourable exchange rates and higher supply chain costs.
Market leader Maruti Suzuki on December 6, 2024, said it will implement a price hike of up to 4%, effective from January 2025. This increase will vary depending on the model, reflecting efforts to manage rising input costs.
The automobile sector continues to face challenges from rising input costs and inflationary pressures. Manufacturers are forced to revise prices in an effort to maintain affordability for customers.
