Car Price Hike 2025: Reasons, Impact & Brand-Wise Increase
From April 2025, many major automobile manufacturers such as Maruti Suzuki, Hyundai, Mahindra, Tata Motors, Kia India, Honda Cars India, Renault India BMW etc. have announced to increase in the prices of their cars.
What is the reason for the increase in prices?
The main reason for the increase in prices is believed to be the cost of raw materials, such as steel, aluminium and plastic.
Another reason for the impact on prices is the increase in production and distribution costs.
Not only this but to comply with the new emission norms and safety rules, companies have to make additional investments, which increases the costs.
How much will the price of which increase
Tata Motors has announced a price hike across all its passenger vehicles including electric vehicles.
BMW India has increased prices across its BMW and Mini car range by up to 3%.
Maruti Suzuki has announced an increase of up to 4% in the prices of all its cars from April 1, 2025. Hyundai Motor India has increased the prices of its cars by 3%.
Also, Mahindra & Mahindra is going to increase the prices of its SUVs and commercial vehicles by up to 3%.
Other companies like Kia India, Honda Cars India and Renault India have also announced price hikes but they have not yet released specific details.
How will it affect customers?
The increase in car prices will have a direct impact on customers. Because now anyone will have to spend more to buy their favourite car. This will be especially challenging for those who are planning to buy a car within budget.
Disclaimer
This information is provided based on current announcements from automobile manufacturers and industry sources. Prices are subject to change.