Maruti, Tata, Kia, Citroen, Jeep, Audi, Mercedes to hike price from Jan 2023

way2barak, Dec.15: Come January 2023 and the prices of almost all cars are going to rise. Key reasons include rise in commodity prices and transportation costs as well as expenses linked to compliance with upcoming RDE (Real Driving Emissions) norms. 6-airbags will become mandatory from October 2023, which will be another major cost component.

Maruti has announced that prices will be increased across the range from January 2023. Price hike will vary based on the specific model. In its official note, Maruti’s bestsellers include Alto, Alto K10, Ignis, WagonR, Celerio, S-Presso, Swift, Eeco, Dzire, Brezza, Ciaz, Ertiga, XL6 and Grand Vitara.

Tata price hike in January will be applicable on both ICE cars and EVs. The company has pointed out high commodity prices, as one of the key reasons for the price hike. In case of EVs like Nexon EV, Tiago and Tigor EV, the cost impact is primarily due to increase in battery prices.

Kia India has stated that it will be increasing prices by Rs 50,000 from January 2023. Price hike will be applicable for all Kia cars booked after December 31. Kia is currently the fifth largest carmaker in India. Renault, Citroen, Jeep- three carmakers have linked the upcoming price hike primarily to a rise in input costs. Mercedes-Benz will be increasing prices across the range by 5%. Audi has attributed the price hike primarily to rise in input and operational costs. The German carmaker will be increasing prices across the range by up to 1.7%.