1 / 12Car Prices Set to Rise in 2025: Major car manufacturers in India have announced a price increase effective January 2025. This annual adjustment, ranging between 2-4%, is driven by rising input costs, increased operational expenses, and higher transportation charges.
2 / 12Tata Motors said on Monday it will hike prices of its cars, including electric vehicles, by up to 3% from January, joining a slew of automakers that raised prices to battle rising costs.
3 / 12Luxury Brands Also Revise Prices: Luxury carmakers such as Mini, Audi, BMW, and Mercedes-Benz have confirmed price hikes for the new year. Rising costs across manufacturing and logistics have left automakers with no choice but to pass on some of the burden to consumers, a trend seen consistently across the industry.
4 / 12Maruti Suzuki to Increase Prices by 4%: India's largest carmaker, Maruti Suzuki, will raise prices by up to 4% across its product range. The hike will vary depending on the model and variant. The company, holding a 40% market share, offers vehicles from the Alto, priced at ₹3.99 lakh, to the Invicto, which costs over ₹30 lakh. "While the company strives to optimise costs, some increases will be passed on to the market," it stated.
5 / 12Hyundai Announces ₹25,000 Price Hike: Hyundai Motor India will increase prices of all models by ₹25,000 starting January 1, 2025. This includes popular models like the Venue, Creta, and Ioniq 5 EV. Hyundai also plans to introduce the Creta EV early next year, expanding its presence in the electric vehicle segment.
6 / 12Tata Motors raises prices by up to 3%: Tata Motors announced on Monday that it will increase the prices of its cars, including electric vehicles, by up to 3% starting in January. The company, which produces models such as the Nexon and Punch SUVs, said the hike is necessary to offset rising costs. This marks the third price increase by Tata Motors in 2023, following two earlier adjustments.
7 / 12Nissan Magnite Prices to Rise by 2%: Nissan will raise the prices of the Magnite SUV by 2%. While the Magnite is the company’s key India-made vehicle and is also exported globally, the price hike does not extend to its flagship X-Trail SUV, introduced earlier this year.
8 / 12Audi Plans 3% Price Increase: German carmaker Audi will increase prices across its lineup by 3%. Locally assembled models such as the Q5 and Q7 SUVs, along with imported vehicles like the e-tron GT and RS e-tron GT, will be included in the hike. Audi attributes this move to increasing production and logistics costs.
9 / 12BMW Prices to Go Up by 3%: BMW India has confirmed a 3% price rise effective next year. This adjustment will apply to its wide lineup, which includes locally assembled vehicles such as the 3 Series and X1, as well as imported models like the M5 and i7 electric sedan. The company cites higher input and operational costs for the hike.
10 / 12Mercedes-Benz Hikes Prices by Up to 3%: Mercedes-Benz will increase prices by up to 3% for models produced after December 31, 2024. The GLC SUV will be costlier by ₹2 lakh, while the Maybach S680 will see a ₹9 lakh increase. However, cars manufactured by December 31 and booked this year will retain current prices.
11 / 12MG Motors Joins with a 3% Increase: MG Motors has also announced a 3% price hike across its lineup, citing rising input costs as the primary reason. MG’s focus on sustainability and innovation, including its Battery-as-a-Service (BaaS) initiative, continues to drive its business strategy.
12 / 12Mahindra to Increase SUV and CV Prices: Mahindra & Mahindra will implement a 3% price increase for both its SUVs and commercial vehicles starting January 2025. The company explained that rising commodity prices and inflation have necessitated this adjustment, despite efforts to absorb a portion of these costs.