After Maruti, Tata Motors and Kia India announce price hikes effective from January 2025
1 month ago

After Maruti, Tata Motors and Kia India announce price hikes effective from January 2025

Live Mint  

Indian automaker Tata Motors has announced a price increase across its passenger vehicle portfolio, including electric vehicles, effective January 2025. The South Korean automaker will implement a two per cent increase from January 1, 2025, citing the impact of higher commodity prices and supply chain costs. Market leader Maruti Suzuki will raise vehicle prices by up to four per cent, attributing the increase to higher input costs and operational expenses. Rival Hyundai Motor India plans to hike prices by up to ₹25,000 across its model range, including the Verna and Creta, due to inflationary pressures, adverse exchange rates, and rising logistics costs.

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