Highlights

  • Tata Motors and Mercedes-Benz India are contemplating similar price hikes
  • Maruti Suzuki India had previously raised vehicle prices by 0.8% in April

Latest news

North hemisphere to witness partial solar eclipse: March 29, 2025

North hemisphere to witness partial solar eclipse: March 29, 2025

Over 50 crore devotees attend Maha Kumbh dip

Over 50 crore devotees attend Maha Kumbh dip

Kapil Dev raises concerns over player injuries amid Cricket demands

Kapil Dev raises concerns over player injuries amid Cricket demands

BCCI sets new luggage rules after excessive baggage on Australia tour

BCCI sets new luggage rules after excessive baggage on Australia tour

PM Modi and Elon Musk discuss space and tech in Washington

PM Modi and Elon Musk discuss space and tech in Washington

Valentine's day clashes: fringe groups disrupt celebrations in India

Valentine's day clashes: fringe groups disrupt celebrations in India

Eric Schmidt warns of AI misuse by rogue states posing global threat

Eric Schmidt warns of AI misuse by rogue states posing global threat

Ludhiana to undergo major transformation with Rs. 930 Crore infrastructure boost under CM Bhagwant Mann’s

Ludhiana to undergo major transformation with Rs. 930 Crore infrastructure boost under CM Bhagwant Mann’s

Maruti Suzuki, M&M, and Audi India to hike prices for Jan 2024

Mercedes-Benz India and Audi India are both contemplating price hikes from January. Audi announced a price increase of up to 2% on its vehicles in India from January 1, 2024

Maruti Suzuki, M&M, and Audi India to hike prices for Jan 2024

Indian automakers Maruti Suzuki, Mahindra & Mahindra, and Audi India have all declared plans to increase the prices of their passenger vehicles in the coming year. They cite cost pressures due to overall inflation and heightened commodity rates as the primary reasons for this decision.

Following suit, Tata Motors is also contemplating increases for its passenger and electric vehicles in January 2024, although specifics regarding the extent of the hike are yet to be disclosed, as per PTI reports.

Maruti Suzuki India had previously raised vehicle prices by 0.8% in April of the current year. Over the last fiscal year, they had implemented a total price increase of 2.4%.

Shashank Srivastava, senior executive director at Maruti Suzuki, explained, "Steel prices, which constitute around 38% of our commodity purchases, have increased slightly over the past 3-4 months. We've been evaluating the impact of commodity price fluctuations on our costs, attempting to reduce expenses internally before considering price adjustments as a final measure."

Also read/watch - Bytedance's gaming division, Nuverse faces layoffs, 3,000 employees in limbo

Nalinikanth Gollagunta, CEO of the Automotive Division at Mahindra and Mahindra, stated, "We plan to raise prices for our automotive products starting January 2024," without specifying the details at this time.

Tata Motors is also contemplating a price increase across their passenger and electric vehicle lineup in January 2024. A company spokesperson mentioned, "We're assessing a price hike for January 2024 across our passenger and electric vehicle range. Specific details and the extent of the increase will be disclosed in the coming weeks."

Mercedes-Benz India and Audi India are both contemplating price hikes from January. Audi announced a price increase of up to 2% on its vehicles in India from January 1, 2024, citing escalating input and operational expenses.

Balbir Singh Dhillon, Head of Audi India, explained, "Owing to increased supply chain-related input and operational costs, we've adjusted prices across our model range, maintaining our brand's premium pricing strategy. This correction aims for sustainable growth for Audi India and our dealers, striving to minimize the impact on customers."

ADVERTISEMENT

Up Next

Maruti Suzuki, M&M, and Audi India to hike prices for Jan 2024

Maruti Suzuki, M&M, and Audi India to hike prices for Jan 2024

Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

Global stock market indices: How the world markets performed today - 12 February 2025

Global stock market indices: How the world markets performed today - 12 February 2025

Global stock market indices: How the world markets performed today - 11 February 2025

Global stock market indices: How the world markets performed today - 11 February 2025

Indian stock market sector-wise performance today - February 12, 2025

Indian stock market sector-wise performance today - February 12, 2025

Top 5 Nifty 50 gainers today – February 12, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – February 12, 2025: Biggest stock moves

ADVERTISEMENT

editorji-whatsApp

More videos

NSE Nifty 50: Top 5 stock losers of February 12, 2025

NSE Nifty 50: Top 5 stock losers of February 12, 2025

Sensex plunges 1,018 pts as US tariffs fan trade war fears; stocks down for 5th day

Sensex plunges 1,018 pts as US tariffs fan trade war fears; stocks down for 5th day

Indian stock market sector-wise performance today - February 11, 2025

Indian stock market sector-wise performance today - February 11, 2025

Top 5 Nifty 50 gainers today – February 11, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – February 11, 2025: Biggest stock moves

NSE Nifty 50: Top 5 stock losers of February 11, 2025

NSE Nifty 50: Top 5 stock losers of February 11, 2025

EU leaders vow 'firm' response to US tariffs

EU leaders vow 'firm' response to US tariffs

GST rates reduced over time, no increase on any item: Nirmala Sitharaman

GST rates reduced over time, no increase on any item: Nirmala Sitharaman

Gold surges Rs 2,430 to hit lifetime high of Rs 88,500 per 10g amid Trump's tariff threats

Gold surges Rs 2,430 to hit lifetime high of Rs 88,500 per 10g amid Trump's tariff threats

Global stock market indices: How the world markets performed today - 10 February 2025

Global stock market indices: How the world markets performed today - 10 February 2025

Indian stock market sector-wise performance today - February 10, 2025

Indian stock market sector-wise performance today - February 10, 2025

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.