Tata Motor to raise passenger vehicle prices by up to 4% from January 2025

In a series of announcements, leading automobile manufacturers Tata Motors, Maruti Suzuki, and Kia India have declared price hikes for their passenger vehicle portfolios starting January 2025.

Tata Motors, India’s largest vehicle manufacturer revealed it will raise prices by up to 3% across its range, including electric vehicles (EVs). The hike, effective January 2025, will vary by model and variant. The move aims to partially offset the impact of rising input costs and inflation.

Kia India also announced a price increase of up to 2% across its entire lineup, effective January 1, 2025. This adjustment is attributed to climbing commodity prices, unfavorable exchange rates, and higher supply chain costs.

Maruti Suzuki on December 6, 2024, the market leader stated it would implement a price hike of up to 4%, effective January 2025. The increase will vary depending on the model, reflecting efforts to manage escalating input expenses.

The automobile sector faces persistent challenges from rising input costs and inflationary pressures. Manufacturers are compelled to revise prices while striving to maintain affordability for customers.