Rising enter and operational prices have been cited as the rationale for the worth hike

As the yr 2023 involves a detailed, a number of automotive manufacturers together with Maruti, Hyundai and Tata have introduced a value hike for his or her fashions, efficient January 2024. Let’s take a more in-depth have a look at what these carmakers must say in regards to the impending value will increase.

Maruti Suzuki

Towards the tip of November 2023, Maruti had introduced that it will likely be initiating a value hike throughout each of its Arena and Nexa choices, efficient 2024. As per the automaker, rising commodity costs and general inflation have resulted in elevated enter prices, thereby resulting in the worth increment. That stated, Maruti is but to announce the quantum of the worth hike.

Maruti’s present lineup contains a complete of 17 fashions, together with each Arena and Nexa choices. Their costs vary from Rs 3.99 lakh for the Maruti Alto K10 to Rs 28.42 lakh for the Maruti Invicto.

Hyundai

Hyundai has confirmed that it’s going to enhance the costs of its automobiles from January 2024 resulting from rising enter prices, opposed change charges, and growing commodity costs.

Hyundai’s present India lineup contains 13 fashions, together with two EVs: the Kona EV and Ioniq 5. In India, Hyundai’s vary is priced between Rs 5.84 lakh and Rs 45.95 lakh.

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Tata

Tata Motors has additionally introduced its determination to boost the costs of its fashions, together with all its ICE (inside combustion engine) and EV (electrical automobile) choices, from January 2024. The Indian marque is but to announce the model-wise quantum of the worth hike.

Tata’s present lineup of automobiles embrace 10 fashions, which additionally contains 3 EVs: Tata Tiago EV, Tata Tigor EV, and Tata Nexon EV. Tata’s lineup begins with the Tiago, which begins at Rs 5.60 lakh, and is topped off by the Safari, which prices as much as Rs 27.34 lakh.

Mahindra

Mahindra fashions, together with the all-electric XUV400 EV, are set to grow to be costlier from January 2024. Like different producers, Mahindra attributes the worth hike to rising enter prices as a significant component. The quantum of value hike will fluctuate relying on the mannequin chosen. Mahindra at present retails 8 SUVs and 1 MPV in India. The Mahindra XUV300 is probably the most reasonably priced Mahindra SUV, beginning at Rs 7.99 lakh.  Meanwhile, the costs for its range-topping SUV, the Mahindra XUV700, go as much as Rs 26.57 lakh.

Honda

Honda may also enhance the costs of its fashions, together with the not too long ago launched Honda Elevate. The particulars of the worth hike, particular to every mannequin, can be introduced later. Honda has additionally cited rising enter prices as the rationale for the rise. 

Honda’s present India lineup contains three fashions: the Honda City (each in petrol and hybrid), Honda Amaze, and Honda Elevate. Honda’s India lineup begins from the Amaze, which is priced from Rs 7.10 lakh, and goes as much as the Honda City Hybrid, which has a most value of Rs 20.39 lakh.

Audi

The luxurious automaker Audi can be set to extend the costs of all its automobiles, efficient from January 2024. The predominant causes cited for this determination are the rising enter and operational prices.

In India, Audi retails a complete of 15 fashions, 4 of that are EVs. The Audi A4 is probably the most reasonably priced Audi available in the market, priced at Rs 43.85 lakh. The Audi RS Q8 is the carmaker’s flagship mannequin in India, priced at Rs 2.22 crore.

 

Other automakers resembling Renault, Nissan, Kia, and Jeep haven’t introduced any value hikes but, however they’re anticipated to comply with the go well with within the coming days.