Cars, SUVs To Get Pricier From January 2025: Maruti, MG, Mahindra, Hyundai, And More Announce Price Hikes

Like every year, carmakers in India have announced an increase in prices for their entire product line-up. With a new calendar year, cars usually get expensive by 2-4 per cent. The rise in input costs, increase in operation expenses and transportation expenditures are the main reasons for the year-on-year increase in vehicle costs.

Maruti Suzuki

Maruti Suzuki has announced 4 per cent increase across the line-up come January 2025. However, the price increase will vary depending on the models and variants. With 40 per cent of market share, Maruti Suzuki has the largest portfolio of cars priced between Rs 3.99 lakh (Alto) to over Rs 30 lakh (Invicto).

Hyundai

While there’s no per cent hike for Hyundai cars in India, all the cars from the Korean carmaker will get expensive by Rs 25,000. Hyundai will also be starting the new calendar year with the arrival of an all-new product – the Creta EV.

Nissan

With the Magnite Facelift not getting a price increase at the time of launch, Nissan will hike prices for sub-4 metre SUVs by two per cent. While it has been the sole car in Nissan India’s showroom for a long time now, it was also joined by the flagship X-Trail this year. Magnite is also exported across various countries from India.

Audi

When it comes to German carmakers, Audi has announced an increase of 3 per cent for all their cars and SUVs from January 2025. With the recently launched Q7 Facelift, the locally assembled range from the Four Rings remains strong with five models. Meanwhile, Audi also has almost all of its electric portfolio to India, taking the CBU route.

BMW

One of the first to announce a price hike at the change of the calendar year, BMW cars will get expensive by 3 per cent. BMW has over 10 locally produced models in the line-up, with another 14 electric and M models being CBUs.

Mercedes-Benz

Mercedes-Benz has stated that cars produced in India by December 31 will not see an increase in prices when they announced their price hike in the middle of November. However, come January, all Three-Pointed Star will be expensive by up to 3 per cent. The high-selling GLC-Class will be expensive by Rs 2 lakh, and the Mercedes-Maybach S680 will see an increase in cost of over Rs 9 lakh.

MG Motors

Even MG Motors jumped on the bandwagon announcing a price hike of up to 3 per cent across their entire line-up. With three EVs in the line-up, the carmaker introduced the Battery As A Service (BAAS)" program this year.

Mahindra

Similar to other carmakers, Mahindra is also increasing the prices across the range by 3 per cent. Not only the passenger vehicles, but commercial vehicles from Mahindra will get expensive come January 2025.

Kia

Kia India has joined the list of carmakers to announce a price hike of up to 2 per cent across their entire line-up from January 2025. The automaker primarily cites “rising commodity prices and escalating supply chain-related costs” behind this decision.

Tata Motors

Tata Motors has announced a price hike of 3 per cent across its passenger vehicle lineup, effective January 1, 2025. The price hike will not only affect ICE range of cars in Tata's portfolio but also the electric vehicle offerings from the brand.

Citroen

Citroen India will raise prices across its range of cars and SUVs with effect from January 1, 2025. The French carmaker's line-up, comprising the C3 and e-C3 hatchbacks, the Basalt coupe-SUV, and the Aircross (formerly C3 Aircross), will increase by up to 2 percent. Citroen says the hikes are necessary to offset rising input costs.

Jeep

Citroen's fellow Stellantis sub-brand, Jeep India has also announced a price hike of up to 2 per cent from the start of the new year. Jeep's line-up of SUVs in India comprise of the Compass, Meridian, Wrangler and Grand Cherokee.