The upcoming price increase is mostly caused by increasing transportation expenses and commodity prices. Price increases across the board have been announced by Kia, Maruti Suzuki, Tata Motors, Mercedes-Benz, and Audi starting in January 2023. The main cause of the increase, according to all automakers, is an increase in commodity prices.
- Kia will hike prices across its entire range by up to Rs 50,000
- Maruti Suzuki, Tata will also hike the prices from January
- Audi will hike prices by 1.7 percent across the entire line-up
Maruti Suzuki has said that it will raise the pricing of every model in its lineup, albeit the price increases will differ based on the model. Maruti Suzuki has claimed that in addition to the rise in commodity costs, the price increase is the result of governmental regulations that have raised the cost pressure. The Alto, Alto K10, Baleno, Brezza, Celerio, Ciaz, Dzire, Eeco, Ertiga, Grand Vitara, Ignis, S-Presso, Swift, Wagon R, and XL6 are among the current models offered by Maruti Suzuki.
From January 2023, Kia will increase the price of every vehicle in its lineup by up to Rs 50,000. Additionally, the South Korean maker cited rising shipping and commodity prices as the cause of the increase, which would be applied to all reservations made after December 31. Its current portfolio includes the Carens, Carnival, EV6, Seltos, and Sonet.
Tata Motors claims that modifying its vehicles to comply with the impending RDE requirements will boost prices in addition to the hike in commodity prices. Altroz, Harrier, Nexon, Nexon EV, Punch, Safari, Tiago, Tiago EV, Tigor, and Tigor EV are all products currently offered by the firm.
The German automaker, like others, has cited rising input and operating expenses as the cause for the raise, which would increase prices across the board by up to 1.7%. The A4, A6, A8 L, Q3, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback, RSQ8, e-tron, e-tron Sportback, and e-tron GT are all current models offered by Audi.
The costs of the products in Mercedes-portfolio Benz’s will also go up by 5%. Like other companies, it is raising prices to offset rising input and logistical costs. The A-Class, A-Class hatchback, C-Class, E-Class, S-Class, EQB, EQC, EQS, GLA, GLB, GLC, GLC Coupe, GLE, GLE Coupe, GLS, G-Class, and the two Maybach models, the GLS and S-Class, are all now available from Mercedes-Benz.
The French company will raise the pricing as a result of rising input costs brought on by more expensive inputs. In India, Renault now offers the Kwid, Kiger, and Triber.
Citroen has announced that starting in January 2023, it will raise the pricing of its C3 and C5 models by 1.5 to 2 percent.
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