Car price hike in 2023: Price increases across the line have been announced by Kia, Maruti Suzuki, Tata, Mercedes-Benz, and Audi beginning in January 2023. The main cause of the increase, according to all automakers, is an increase in commodity prices.
Kia Car price hike in 2023
From January 2023, Kia will increase the price of every vehicle in its lineup by up to Rs 50,000. Additionally, the South Korean maker cited rising shipping and commodity prices as the cause of the increase, which would be applied to all reservations made after December 31. Its current portfolio includes the Carens, Carnival, EV6, Seltos, and Sonet.
Renault
The French company will raise the pricing as a result of rising input costs brought on by more expensive components. In India, Renault now offers the Kwid, Kiger, and Triber.
Maruti Suzuki
Maruti Suzuki has said that it will raise the pricing of every model in its lineup, though the price increases will differ based on the model. The company has claimed that in addition to the rise in commodity costs, the price increase is the result of governmental regulations that have raised the cost pressure. The Alto, Alto K 10, Baleno, Brezza, Celerio, Ciaz, Dzire, Eeco, Ertiga, Grand Vitara, Ignis, S-Presso, Swift, Wagon R, and XL6 are all current models offered by Maruti Suzuki.
TATA
Tata claims that modifying its vehicles to comply with the forthcoming RDE requirements will result in a price increase in addition to the increase in commodity prices. Altroz, Harrier, Nexon, Nexon EV, Punch, Safari, Tiago, Tiago EV, Tigor, and Tigor EV are all products currently offered by the firm.
Audi
The German automaker, like others, has cited rising input and operating expenses as the cause for the raise, which would increase prices across the board by up to 1.7%. The A4, A6, A8 L, Q3, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback, RSQ8, e-Tron, e-Tron Sportback, and e-Tron GT are all current models offered by Audi.
Mercedes-Benz
The costs of the products in Mercedes-portfolio Benz will also go up by 5%. Like other companies, it is raising prices to offset rising input and logistical costs. The A-Class, A-Class hatchback, C-Class, E-Class, S-Class, EQB, EQC, EQS, GLA, GLB, GLC, GLC Coupe, GLE, GLE Coupe, GLS, G-Class, and the two Maybach models, the GLS and S-Class, are all now available from Mercedes-Benz.
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