As is the case every year end, several carmakers have announced a price hike across their portfolio effective from January 1, 2025. The key reasons citied for the price revisions are rising commodity and operational costs.

Skoda

Skoda Auto India has announced it will increase prices of the Kushaq mid-size SUV, Slavia mid-size sedan, Superb premium sedan and Kodiaq 7-seat SUV by up to 3 percent. However, prices for the recently launched Kylaq compact SUV, which is priced at Rs 7.89 lakh-14.40 lakh (ex-showroom), will continue unchanged, suggesting that the introductory price period will be extended into the next year.    

Jeep-Citroen

Jeep and Citroen, both run by Stellantis, have confirmed that prices for their models will increase by up to 2 percent from next year. The American SUV maker currently has the Compass, Meridian and Wrangler on sale in India, while the French carmaker has the Basalt coupe-SUV, Aircross 5+2 SUV, C3 hatchback, the eC3 EV, and the larger C5 Aircross SUV.  

Kia

Korean brand Kia has revealed that it will increase prices of its India line-up by up to 2 percent from next year. At the moment, Kia has the Sonet compact SUV, Seltos mid-size SUV, Carens MPV and the premium Carnival MPV on sale in India, but will soon bring the Syros to the market.

Tata Motors

The homegrown carmaker has announced that prices of its portfolio will increase by up to 3 percent from January 1 onwards. Tata's EV range currently includes the Tiago EV, Tigor EV, Punch EV, Nexon EV and Curvv EV, while its ICE portfolio consists of the Tiago, Tigor, Punch, Altroz, Nexon, Curvv, Harrier and Safari.

Mahindra

The Indian SUV specialist has announced a price increase of up to 3 percent on its SUV line-up, though the hike will vary based on the model. Mahindra's model range currently consists of the Thar and Thar Roxx, Bolero, Bolero Neo and Bolero Neo Plus, Scorpio and Scorpio N, XUV700, XUV 3XO and the XUV400 EV. Mahindra will announce prices for its born-electric SUVs, the XEV 9e and the controversial BE 6 in January.

MG Motor India

MG Motor – which has the Comet EV, ZS EV and Windsor EV, along with the Astor, Hector range and Gloster SUVs on sale here – has announced a hike of 3 percent across its portfolio. The brand has cited continuously rising input costs and other external factors for the increase.

Mini India

BMW-owned British brand, Mini, has also announced a price hike for its line-up from January 1. However, the quantum of the price hike has not been revelaed. 

Maruti Suzuki

Maruti Suzuki has announced plans to increase the prices of its Arena and Nexa portfolio by up to 4 percent. While the price revision will vary depending on the model, the company has yet to reveal specific increases per model. 

Hyundai 

Hyundai India has announced a price increase of up to Rs 25,000 across its line-up. The Korean brand has multiple cars and SUVs on sale in our markey like the Venue, Creta and the Exter along with high-end models like the Ioniq 5 EV. The brand will take the wraps off the Creta EV next month.

Nissan 

Nissan will hike prices for the recently facelifted Magnite SUV by two percent. The Magnite is Nissan’s only made-in-India SUV which is sold domestically as well as exported to many countries abroad. The company, however, has not announced a hike for the flagship X-Trail SUV. 

Audi India

Audi India has announced a 3 percent price hike for its cars and SUVs effective from January 1, 2025. Audi's locally assembled range in India includes the A4 and the A6 sedans, along with the Q3, Q3 Sportback, Q5 and Q7 SUVs. The brand also sells imports like the A5 Sportback, the Q8 SUV and its electric derivatives, and the e-tron GT and the RS e-tron GT in the Indian market.

BMW India

BMW India has also announced a price hike across its portfolio by up to 3 percent. BMW sells the 2 Series Gran Coupe, the 3 Series Gran Limousine and the M340i, the 5 Series LWB, 7 Series, X1, X3,  X5 and the X7 SUVs as locally assembled models. Meanwhile, BMW’s imported models include the i4, i5 and the i7 electric cars,  iX1 and the iX electric SUVs, Z4, M2 Coupe, M4 Competition and the CS, the M8, XM and the recently launched M5.

Mercedes Benz India

Mercedes was the first carmaker to announce a price hike this year end. Prices for its models will go up by up to 3 percent. Mercedes has clarified that GLC prices will be up by Rs 2 lakh while the Mercedes-Maybach S680 V12 will cost Rs 9 lakh more. Additionally, models which are manufactured by December 31, 2024 wont see a price increase, including for units that are booked before this date.