Tata Motor's upcoming price increase reflects the broader trend of rising car prices by several manufacturers in India.
09 Dec 2024 | 2757 Views | By Autocar Professional Bureau
Tata Motors announced today that it will take a price increase of up to 3% across its passenger vehicles portfolio, including EVs. Effective January, 2025, the price increase will vary depending on model and variant, and is being taken to partially offset the rise in input costs and inflation, the ...
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Tata Motors announced today that it will take a price increase of up to 3% across its passenger vehicles portfolio, including EVs. Effective January, 2025, the price increase will vary depending on model and variant, and is being taken to partially offset the rise in input costs and inflation, the company said.
This move aligns with similar price adjustments across the automotive industry, where manufacturers are grappling with higher costs of raw materials, energy, and logistics.
Maruti Suzuki India announced plans to increase the prices of its vehicles starting January 2025. The hike, which is expected to be up to 4%, will vary across different models. The decision comes as a response to escalating input costs and rising operational expenses, according to a statement from the company.
Hyundai Motor India Ltd announced it will increase prices across its entire model lineup, effective January 1, 2025. The decision comes as Hyundai said it is facing mounting input costs, unfavorable exchange rates, and rising logistics expenses.
German luxury car manufacturer Audi (India) announced an increase in prices across its entire model range effective January 1. The hike will see ex-showroom prices rise by up to 3%. Audi attributed the price hike to escalating input and transportation costs.
BMW India too, recently announced a price hike of up to 3% across its entire model range, effective January 1, 2025. The decision was part of the company's strategy to address rising costs and maintain premium quality standards.
Ducati India recently announced a price revision for select models in its motorcycle lineup, which will take effect from January 1, 2025. The adjustment will be applicable to the ex-showroom prices of specific models and variants at all Ducati dealerships across India, including locations in New Delhi, Mumbai, Pune, Bengaluru, Chennai, Kochi, Hyderabad, Chandigarh, Ahmedabad, and Kolkata.
Similiarly, Mercedes-Benz India will revise ex-showroom prices of its entire model range, effective from January 2025. The price increase will be up to 3%, depending on the model. This adjustment was attributed by Mercedes-Benz to rising input costs, inflationary pressures, and increased logistics expenses, which have been impacting the company's operational costs and overall financial performance.
Industry analysts suggest that while such hikes may impact demand in the short term, they are often essential for manufacturers to ensure long-term financial stability and continued innovation in vehicle design and technology.