Kia, Hyundai, Maruti Suzuki, MG and Mahindra are simply among the carmakers which have introduced value hikes for his or her fashions, beginning January 2021. It’s pretty frequent for automotive producers to hike costs at first of the calendar yr, owing to exchange-rate fluctuations and rising enter and materials prices. The transfer can be anticipated to assist the manufacturers improve gross sales within the final month of the yr. Let’s check out the carmakers who’re set to hike costs from subsequent month.
- Kia will hike costs of the Seltos and Sonet.
- All Hyundai, Maruti Suzuki, Mahindra, Honda, Renault fashions might be costlier.
- MG SUV costs will go up by 3 p.c.
- BMW, Mini costs to rise by as much as 4 p.c.
Kia SUV and MPV costs from January 2021
Kia Motors has conveyed to its sellers that it will likely be making ‘an upward value correction’ for its Seltos and Sonet SUVs from January. The assertion mentioned, “The anticipated improve might be substantial. Actual extent of value improve might be intimated on January 1”. Apparently, the doc has no point out of mountain climbing costs of the Carnival MPV, which has been Kia’s slowest vendor so far.
Presently, the Kia Seltos is priced from Rs 9.89 lakh to Rs 17.34 lakh, whereas the Sonet ranges from Rs 6.71 lakh to Rs 12.89 lakh (ex-showroom, Delhi).
Hyundai automotive and SUV costs: January 2021
Hyundai India may even hike costs of its fashions within the new yr. The producer has said that its total vary will undergo the worth revision on account of rise in enter and materials prices. The worth hike will vary from Rs 7,521 to Rs 32,800, relying on the mannequin, variant and gas sort.
Maruti Suzuki automotive and SUV costs: January 2021
Very similar to Hyundai, India’s main carmaker Maruti Suzuki may even hike costs throughout its vary on account of rising enter prices. Whereas the model has not but revealed by how a lot costs will improve, the hike in costs might be depending on the mannequin in query. Maruti hiked costs of its vary in January 2020 as effectively, however anticipate the hike to be extra substantial for 2021, given the circumstances surrounding the COVID-19 pandemic this yr.
Mahindra SUV costs: January 2021
Dwelling-grown SUV maker Mahindra has additionally introduced that it’ll hike costs of its autos from subsequent yr. Whereas the carmaker didn’t touch upon the extent of the hike, it revealed that it could be relevant to its passenger and business car portfolios. The carmaker cited rising prices of inputs and commodity costs as causes for the hike.
MG SUV costs: January 2021
Whereas MG not too long ago introduced it could be launching a brand new seven-seat Hector Plus early subsequent yr, additionally it is getting ready to hike costs. The carmaker has mentioned that it’ll improve costs of all its fashions presently on sale by as much as 3 p.c from January 1. The carmaker had hiked costs for the Gloster final month, following the conclusion of the introductory pricing interval.
Honda automotive and SUV costs: January 2021
Supplier sources have confirmed to us that Honda might be revising costs of their vehicles upwards from January 1, 2020, too. There are, nonetheless, no particulars but as to how a lot the rise might be.
Renault automotive and SUV costs: January 2021
Renault has introduced that it’ll hike costs for its fashions by as much as Rs 28,000 within the new calendar yr. In an announcement, the carmaker revealed that rising costs of enter supplies and different prices had necessitated an upward revision in pricing.
BMW, Mini automotive and SUV costs: January 2021
On the luxurious finish of the automotive market, BMW Group India has mentioned that it will likely be mountain climbing costs for its vary of fashions offered underneath the BMW and Mini manufacturers by as a lot as 4 p.c from 2021. The carmaker has mentioned that the brand new costs will come into impact from January 4.
Ford automotive and SUV costs: January 2021
Ford India is ready to hike costs of its vary of vehicles and SUVs by as much as 3 p.c from January 2021, or between Rs 5,000 to Rs 35,000, relying on the mannequin. The carmaker, nonetheless, has mentioned that prospects reserving their vehicles in 2020 won’t be affected, with the previous value remaining relevant for these consumers.
Nissan and Datsun costs: January 2021
Nissan India has introduced that it’ll hike costs of all vehicles underneath the Nissan and Datsun manufacturers from January 2021. The Japanese carmaker has mentioned that it’ll hike costs by as much as 5 p.c to account for the rising prices of inputs. The hike in pricing can be anticipated to have an effect on the not too long ago launched Nissan Magnite, with the SUV’s introductory pricing interval ending on December 31.
Volkswagen costs: January 2021
Volkswagen has introduced that it’ll hike costs of its domestically manufactured fashions, i.e. the Polo and Vento, by as much as 2.5 p.c from January 1. The carmaker has mentioned that the hike in pricing is in lieu of rising enter prices. Costs for the carmaker’s CBU fashions such because the Tiguan Allspace won’t be affected.
Skoda costs: January 2021
Skoda will hike costs throughout its mannequin vary by as much as 2.5 p.c from January 1, 2021. The carmaker has cited rising enter prices “on account of vital volatility within the world commodity costs and international change charges in current occasions” as a cause for this revision in pricing.
