Maruti, Hyundai, Audi, BMW, Mercedes hike vehicle prices

Audi, the German luxury car maker, has also increased its car prices by 3 per cent from the new year.

Automakers said they were increasing car prices due to rising input costs and operational expenses.

“In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from January, 2025. The price increase is expected to be up to four per cent and will vary depending on the model,” Maruti Suzuki said in a filing to stock exchanges.

While the company continuously strives to optimize costs and minimize the impact on its customers, some portion of the increased cost may need to be passed on to the market, it said.

Hyundai, the Korean car maker, said it would increase prices across its model range effective from January 1 and the price increase has been necessitated owing to an increase in input costs, adverse exchange rate and increase in logistics costs.

This price increase will be done across models and the extent of increase will be up to Rs 25,000, the company said.

“We are implementing a price adjustment of up to three per cent effective from January 1 due to rising input costs. This correction is essential for Audi India and our dealer partners to ensure sustainable growth,” Balbir Singh Dhillon, Head of Audi India, said.

BMW India too, recently announced a price hike of up to 3 per cent across its entire model range, effective January 1. The decision was part of the company's strategy to address rising costs and maintain premium quality standards.

Similarly, Mercedes-Benz will revise prices of its entire model range, effective from January 1. The price increase will be up to 3 per cent, depending on the model.

Increased commodity prices, higher logistics expenses driven by persistent inflationary pressures has posed significant strain on Mercedes’ overall operational costs.

Prices of Mercedes-Benz cars will be revised in the range of Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine.

BMW India has also announced price hikes up to 3 per cent, due to the rising input costs.

Similarly, the two-wheeler arm of BMW Group – BMW Motorrad India also said it will increase prices by up to 2.5 per cent across the model range from January.

Ducati India too recently announced a price revision for select models in its motorcycle lineup, which will take effect from January 1. The adjustment will be applicable to the ex-showroom prices of specific models and variants.