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New automotive, SUV costs to go up from January | Autocar India

Written by Rashmi

Revealed On Dec 24, 2021 07:00:00 AM

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Carmakers have cited rising enter and operational prices as the first motive for the worth hike.

Maruti Suzuki, Toyota, Skoda and Tata are amongst a number of carmakers which have introduced a value hike for his or her fashions, beginning January 2022. It’s pretty frequent for automotive producers to hike costs at first of the calendar 12 months, owing to exchange-rate fluctuations and rising enter and materials prices. Not simply mass-market carmakers, however even luxurious manufacturers like Mercedes and Audi have introduced a value hike throughout their product portfolio. Let’s check out all producers who’re set to hike costs from subsequent month.

Maruti Suzuki

Maruti Suzuki was one of many first to announce a value hike from January 2022. The value hike will probably be relevant on all Maruti Area and Nexa fashions, though it’s going to differ from mannequin to mannequin. And whereas Maruti hasn’t introduced the extent of value hike on every particular person mannequin but, anticipate the up to date costs to be revealed earlier than December 31. In 2021 itself, Maruti hiked the worth of its fashions thrice – the first in January, the second in April and the third in September.

Honda

Honda can be anticipated to hike the worth of its fashions from subsequent month. The carmaker has mentioned that they’re learning how a lot of the rising enter and commodity prices may be absorbed by the corporate and the way a lot must be handed on to the shopper. Anticipate an official announcement within the coming days. The value hike is predicted to have an effect on all Honda fashions in India.  

Renault

Renault too is trying to enhance the worth of its autos from January. Like all different carmakers, Renault too has cited rising enter and materials prices as the rationale behind the worth hike. Renault presently has 4 fashions on sale in India – Kwid, Triber, Kiger and Duster – and all fashions are anticipated to see a notable enhance in value. 

Tata Motors

Homegrown carmaker Tata Motors has additionally introduced a value hike throughout its total portfolio of autos, efficient from January 2022. This contains each, its business and passenger autos. Whereas Tata has specified a bump in value by 2.5 % for its business autos, they haven’t quoted an actual determine for the passenger automobile vary. Nevertheless, it is going to be relevant throughout all their fashions – electrical and ICE-powered – together with the newly launched Tata Punch.

Toyota

Costs of all Toyota autos can even grow to be dearer from January 2022. Toyota, too, has not introduced the quantum of the worth hike, however they’ve mentioned that it is going to be relevant on all fashions. The extent of the worth hike is predicted to differ from mannequin to mannequin. In India, Toyota presently sells the Innova Crysta and the Fortuner, and the badge-engineered City Cruiser and Glanza. This too has been motivated by rising enter and commodity prices.

Skoda

Skoda has introduced that each one of its fashions on sale in India – Kushaq, Octavia and Very good – will see a bump in value by three % from January 2022. The precise mannequin and variant-wise value hike will probably be revealed subsequent month. That mentioned, Skoda has rolled out value hikes on its fashions only a few instances in 2021, with the Kushaq, Octavia and Very good seeing solely a single value hike every.

Volkswagen

Volkswagen has introduced {that a} value hike ranging between 2 to five % will probably be rolled out on the Polo, Vento and Taigun, efficient from January 1, 2022. The carmaker is but to announce the quantum of the worth hike for every particular person mannequin. The just lately launched Volkswagen Tiguan facelift has, nonetheless, been omitted of the purview of the worth hike.

Citroen

Citroen’s sole mannequin on sale in India – the C5 Aircross – will see a three % hike on its ex-showroom value. This would be the second value hike on the C5 Aircross in a span of two month, with the earlier one having arrived in November this 12 months, the place the worth of the automotive was elevated by as much as Rs 1.30 lakh. The C5 Aircross presently retails in India at a value ranging between Rs 31.30 lakh-32.80 lakh (ex-showroom, India).

Mercedes-Benz

Amongst luxurious carmakers, Mercedes-Benz has introduced a value hike of two % on choose fashions, though the corporate is offering a value safety on some fashions. Mercedes has clarified that prospects who’ve booked their MY2021 fashions and are awaiting their supply will get them on the value when it was booked. Moreover, prospects who e book choose vary of automobiles such because the A-Class, GLA, and E-Class till December 31, will probably be supplied a value safety as nicely.

Audi

As for Audi, the carmaker will probably be rolling out a value hike of three % on its total product portfolio from January 2022. Like all different carmakers, Audi has additionally cited rising enter and operational prices as the rationale behind the worth hike.

What’s your response to the slew of value hikes introduced by so many carmakers forward of the brand new 12 months? Tell us within the feedback under. 

About the author

Rashmi