As is the case every year end, several carmakers have announced a price hike across their portfolio effective from January 1, 2025. The key reasons citied for the price revisions are rising commodity and operational costs.
Hyundai
Hyundai India has announced a price increase of up to Rs 25,000 across its line-up. The Korean brand has multiple cars and SUVs on sale in our markey like the Venue, Creta and the Exter along with high-end models like the Ioniq 5 EV. The brand will take the wraps off the Creta EV next month.
Nissan
Nissan will hike prices for the recently facelifted Magnite SUV by two percent. The Magnite is Nissan’s only made-in-India SUV which is sold domestically as well as exported to many countries abroad. The company, however, has not announced a hike for the flagship X-Trail SUV.
Audi India
Audi India has announced a 3 percent price hike for its cars and SUVs effective from January 1, 2025. Audi’s locally assembled range in India includes the A4 and the A6 sedans, along with the Q3, Q3 Sportback, Q5 and Q7 SUVs. The brand also sells imports like the A5 Sportback, the Q8 SUV and its electric derivatives, and the e-tron GT and the RS e-tron GT in the Indian market.
BMW India
BMW India has also announced a price hike across its portfolio by up to 3 percent. BMW sells the 2 Series Gran Coupe, the 3 Series Gran Limousine and the M340i, the 5 Series LWB, 7 Series, X1, X3, X5 and the X7 SUVs as locally assembled models. Meanwhile, BMW’s imported models include the i4, i5 and the i7 electric cars, iX1 and the iX electric SUVs, Z4, M2 Coupe, M4 Competition and the CS, the M8, XM and the recently launched M5.
Mercedes Benz India
Mercedes was the first carmaker to announce a price hike this year end. Prices for its models will go up by up to 3 percent. Mercedes has clarified that GLC prices will be up by Rs 2 lakh while the Mercedes-Maybach S680 V12 will cost Rs 9 lakh more. Additionally, models which are manufactured by December 31, 2024 wont see a price increase, including for units that are booked before this date.
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