MUMBAI: Tata Motors plans to raise prices by up to 3% across its passenger vehicle lineup, including electric vehicles. The adjustment, set to take effect in January, aims to counter rising inflation and higher production expenses.
Kia India will implement a price hike of up to 2% across its entire range of models starting January 1. According to Hardeep Singh Brar, Kia’s Senior Vice President of Sales and Marketing, the move addresses escalating commodity prices and supply chain costs. Kia has assured customers that it is absorbing part of the cost increases to minimize financial impact.
Other automakers, including Maruti Suzuki, Mahindra & Mahindra, and Hyundai, have announced similar measures. Maruti Suzuki’s prices will increase by up to 4%, while Hyundai plans an adjustment of up to ₹25,000 depending on the model.
Source: Web Team, C6N
