New Delhi: Buying a car in India is set to become more expensive from April 1, 2025, as several major automakers have announced price hikes across their product ranges. Companies have attributed this increase to rising input costs, higher commodity prices, and growing operational expenses. Here’s a brand-wise breakdown of the upcoming price adjustments.
Mahindra & Mahindra
Mahindra & Mahindra will increase the prices of its SUVs and commercial vehicles by up to 3% starting in April 2025. The company cited rising input costs and escalating commodity prices as the primary reasons. This will be Mahindra’s second price hike in 2025.
Tata Motors
Tata Motors has announced a 3% price increase across its ICE, CNG, and electric models, including the Nexon, Punch, Curvv, Harrier, Safari, Tigor, Tiago, Altroz, and Tata’s electric lineup. The company stated that this step is necessary to offset rising input costs, making it Tata’s second price hike in 2025.
Maruti Suzuki
Maruti Suzuki has also confirmed a price increase across its entire model range, though the exact percentage is yet to be disclosed. The company cited increasing input costs and operational expenses as the key factors. This will be Maruti Suzuki’s third price hike in 2025, following a 4% increase in January and a 1-4% increase in February.
Hyundai
Hyundai will implement a price hike of up to 3% across its entire lineup, from the Grand i10 to the Ioniq 5. The company stated that while it had absorbed rising costs for as long as possible, it now needs to pass on some of the burden to customers. The price increase may also impact the much-awaited Hyundai Creta EV.
Kia
Kia has announced a price hike of up to 3% across all its models, citing higher commodity costs and supply chain expenses. Kia’s VP of Sales and Marketing, Hardeep Singh Brar, mentioned that while the company has absorbed some costs, an increase is necessary to maintain quality and technology standards.
Honda
Honda will raise prices across its entire lineup, including the Amaze, City, City e:HEV, and Elevate. However, the exact percentage increase has not been disclosed yet. The company attributes this decision to rising input and operational costs, marking Honda’s second price hike in 2025, following one in January.
Renault
Renault has announced a price increase of up to 2% for models like the Kiger, Kwid, and Triber, due to higher input costs. Renault’s CEO, Venkatram Mamillapalle, stated that the company had absorbed rising costs for a long time but now needs to adjust prices to maintain product quality. This will be Renault’s first price hike since February 2023.
BMW
BMW will increase prices by up to 3% across all its models, including the BMW 2 Series, BMW XM, MINI Cooper S, and Countryman. Although the company has not explicitly stated the reasons, rising input costs are believed to be the key factor. BMW is notably the first luxury brand to announce a price hike for the new financial year.With multiple car manufacturers raising prices, consumers looking to buy a new car in 2025 may need to reconsider their budgets.
