Maruti Suzuki, Kia and Hyundai will all hike prices of their models, starting January 2021.
India’s leading carmaker Maruti Suzuki will also hike prices across its range due to rising input costs. While the brand has not yet revealed by how much prices will increase, the hike in prices will be dependent on the model
Kia Motors has conveyed to its dealers that it will be making ‘an upward price correction’ for its Seltos and Sonet SUVs from January. The statement said, “The expected increase will be substantial. Exact extent of price increase will be intimated on January 1”. Interestingly, the document has no mention of hiking prices of the Carnival MPV, which has been Kia’s slowest seller thus far.
Hyundai India will also hike prices of its models in the new year. The manufacturer has stated that its entire range will go through the price revision due to rise in input and material costs.