Car Price Hike: Buyers of new cars in the 2025-26 financial year will face a price shock as 8 major car manufacturers, including Maruti Suzuki, Hyundai, Tata Motors, and Kia, have announced price hikes starting from April 1, 2025.
Price Increases from Leading Car Manufacturers:
Mahindra Price Hike
Mahindra & Mahindra, a leading SUV manufacturer in India, will increase the prices of its SUVs and commercial vehicles by up to 3% from April 1. The exact price increase will vary depending on the model and vehicle type.Maruti Suzuki Price Hike
Maruti Suzuki will raise prices by 4% across its range from April 1. This price hike is attributed to rising raw material costs and increased operational expenses.Tata Motors Price Hike
Tata Motors will increase the prices of all its passenger and commercial vehicles by up to 2% starting from April 1. The hike is to offset the increased costs of raw materials, and it will vary across different models and variants.Renault India Price Hike
Renault India has also announced a price hike of up to 2% across all its car models, effective from April. The company cited rising production costs as the main reason for this price increase.Kia Price Hike
Kia India will raise prices by 3% on all its vehicles, starting from April 1. The price hike is due to increased commodity prices and higher supply chain costs.Honda Price Hike
Honda has confirmed a price increase but has not disclosed the exact amount. The new prices will come into effect from April 1, 2025.Hyundai Price Hike
Hyundai cars will become 3% more expensive from April 1. The price rise is a result of higher input costs, rising commodity prices, and increased operational expenses.BMW Price Hike
BMW India will increase prices by up to 3% across all its models from April 1. The price adjustment is due to rising material costs.
Conclusion: With these price hikes from multiple auto manufacturers, car buyers should be prepared to pay more for their new vehicles from April 1, 2025.
