Rising commodity prices and transportation costs are major reasons for the upcoming price hike.
Kia, Maruti Suzuki, Tata and Audi have announced a price hike across their model range from January 2023. All carmakers have cited an increase in commodity prices as the major reason behind the price hike.
- Kia will hike prices across its entire range by up to Rs 50,000
- Carmakers are also citing upcoming RDE norms as a reason for the hike
Maruti Suzuki
Maruti Suzuki has confirmed that it will be increasing the prices for its entire model line-up. However, the price hike will vary depending on the model. Apart from the rise in commodity prices, Maruti Suzuki has said the price hike is also due to regulatory requirements from the government that have increased the cost pressure as well. Currently, Maruti Suzuki’s line-up includes the Alto, Alto K 10, Baleno, Brezza, Celerio, Ciaz, Dzire, Eeco, Ertiga, Grand Vitara, Ignis, S-Presso, Swift, Wagon R and XL6.
Kia
Kia will hike the price of its entire model line-up by up to Rs 50,000 from January 2023. The South Korean manufacturer has also stated increasing commodity and transportation costs as the reason for the hike. This increase will be applicable to all bookings made after December 31. Currently, it has the Carens, Carnival, EV6, Seltos and Sonet in its portfolio.
Tata
Along with the rise in commodity prices, Tata also states that its vehicles meeting the upcoming RDE norms will also be a factor in the hiked prices of its portfolio. It currently sells the Altroz, Harrier, Nexon, Nexon EV, Punch, Safari, Tiago, Tiago EV, Tigor and Tigor EV.
Audi
The German carmaker will hike the prices of its entire line-up by up to 1.7 percent and has also cited the same reason of increasing input and operational costs. Its line-up currently includes the A4, A6, A8 L, Q3, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback, RSQ8, e-tron, e-tron Sportback and e-tron GT.
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