Maruti, Tata, Kia Car Prices To Increase From April Due To Higher Material Costs
Future price increases for all of their model lineups have been confirmed by Maruti Suzuki, Tata Motors, and Kia India. The price hikes, which are scheduled to go into effect in April 2025, are attributed to the automakers’ increased operational and input costs.
It is unclear which of Maruti Suzuki’s vehicles will have the largest 4 percent price increase starting in April 2025, as price increases are often applied to the company’s model portfolio in varied degrees. Following price rises of up to Rs 32,500 for the Celerio, Brezza, Alto K10, and other models in January and February, this is Maruti Suzuki’s third price increase of the year.
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Although Maruti Suzuki has not disclosed the precise causes of its rising spending, our sister magazine, Autocar Professional, speculates that it may be due to the supply chain issues and skyrocketing costs of raw materials that many Indian automakers are presently dealing with.
Tata will also raise prices for its whole lineup starting next month; these price increases will differ based on the model and version. The business blames the price increases on “rising input costs,” although it hasn’t yet verified how much the markups have increased.
Kia has confirmed a price hike of up to 3 percent for its entire model line-up in India, which comprises the Seltos, Sonet, Syros, EV6, EV9, Carens, and Carnival. The carmaker cites “rising commodity prices” and “escalating supply chain-related costs” as the reasons behind the price increases.
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The impending price increases by Maruti Suzuki, Tata Motors, and Kia India, which will take effect in April 2025, are a reflection of the mounting financial strain that manufacturers are under as a result of escalating input costs, supply chain interruptions, and inflation in commodity prices. After rises in January and February, Maruti Suzuki may raise the price of some models by as much as 4% in its third hike of the year.
Tata Motors has yet to specify the extent of its adjustments, while Kia confirms a 3 percent hike across its model range. These rising costs could impact consumer demand, potentially influencing purchase decisions and market dynamics. As manufacturers adapt to economic challenges, buyers may need to act swiftly to secure vehicles at current prices.
