Jan 5, 2024, 05:31 PM IST
With the beginning of the new year, many big players in the automotive industry have increased the prices of their vehicles in India. According to most of these companies, the reason for this decision has been cited as the increasing input and operating costs faced by them.
Luxury vehicle manufacturer has announced a price hike of 2% across its entire model range in the country.
German luxury carmaker BMW has increased the prices by up to 2% across the model range from January 1.
German luxury and commercial vehicle automotive brand has increased the prices of its vehicles by up to 2%.
Volkswagen Passenger Cars India has also increased the price by up to 2% across the model range with effect from January 1, 2024.
Domestic automotive manufacturer has hiked the prices by up to 3% across its range of commercial vehicles.
Automotive manufacturer and saler has increased prices of its vehicles ranging from 0.5% to 2.5% on select models and variants.