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Automakers Maruti Suzuki, Mahindra & Mahindra and Audi India have announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall inflation and increased commodity rates.
Besides, Tata Motors and Mercedes-Benz India are mulling increasing the prices of their models from January, reported PTI.
The country’s largest carmaker Maruti Suzuki India, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh and Rs 28.42 lakh (ex-showroom Delhi), on Monday said the price hike would vary from model to model.
