Indian Cars Price Hike News & Updates

[Nairrk]

Tata Nexon, Harrier, Safari now more expensive than before.

Tata Motors had recently announced a marginal price hike of 0.6% across models and variants, coming into effect from Jul 17, 2023 onwards. The price increment was announced to offset the residual impact of the past input costs. As a part of the price hike, the company's ICE SUVs have become pricier by Rs.20,000.

The prices of Nexon, Harrier as well as Safarihave now been hiked by up to Rs 20,000, varying acrros different variants.

With the price hike in place, theTata Nexon is now priced from Rs 8 lakh, going up to Rs 14.60 lakh. The Harrier now starts from Rs 15.20 lakh, going all the way up to Rs 24.27 lakh. Prices for the Safari now range from Rs 15.85 lakh to Rs 25.22 lakh (all prices, ex-showroom).

Tata Motors says that it will offer price protection to bookings made up to July 16, 2023 and deliveries up to July 31, 2023.

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[Nairrk]

Jeep Compass, Meridian prices hiked

Jeep has increased the prices of the Compass and Meridian SUVs by up to Rs 43,000 and Rs 57,000, respectively. Prices for the Jeep Compass and Meridian now start at Rs 21.73 lakh and Rs 33.40 lakh (both ex-showroom, India), respectively.

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[Nairrk]

Mahindra XUV700, XUV300 Price hike Sep 2023

Mahindra has increased prices once again this year. A surge in demand for Mahindra SUVs coupled with higher input costs could be reasons for the recent price hike. In the earlier post we talked about the price hike of Scorpio Classic, Scorpio N and Thar. In this post, we will take a look at the new prices of XUV300 and XUV700.

Mahindra XUV300 sub-compact SUV, is offered in petrol, diesel and turbo-petrol variants. The company has increased the prices of some trims while others receive a price cut. Starting with the petrol variants, XUV300 W2 MT, the price continues at Rs 7.99 lakh. However, the price of W4 MT has been increased by 2.97 percent of Rs 25,000. It now stands at Rs 8.66 lakh as against an earlier price of Rs 8.41 lakh.

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[Nairrk]

Tata Motors to hike commercial vehicles prices by up to 3% from October

Tata Motors on Monday said it will increase prices of its commercial vehicles by up to 3 per cent from October 1, 2023.

The price increase is to offset the residual impact of the past input costs and will be applicable across the entire range of commercial vehicles, Tata Motors said in a statement.

“The price increase is to offset the residual impact of the past input costs, and will be applicable across the entire range of commercial vehicles,” the company informed the stock exchange in a filing.

The company increased prices of commercial vehicles by up to 5 per cent from April 1 this year.
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[Nairrk]

Kia India to increase prices for Seltos SUV & Carens from October

Kia is all set to increase the price of their popular mid-size SUV, the Seltos, and also the MPV Carens. The manufacturer announced that the price for both of these models will see a price hike from October this year. The price of these models will be increased by up to 2 percent. This is the second time Kia has implemented a price hike on its models during this financial year.

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[Nairrk]

Hyundai Exter price hiked by up to Rs. 16,000

For the first time since launch, Hyundai has hiked the prices for its newest offering Exter. Marketed as a sub 4m SUV, Exter crossover is Hyundai’s weapon to rival Tata’s Punch. Both share a lot of similarities and blow a ton of punches at each other. Does the new pricing hurt Exter’s position against Punch?

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[Nairrk]

Toyota Fortuner Sigma prices hiked by up to Rs. 70,000

Only the Toyota Fortuner Sigma prices have been hiked by up to Rs. 70,000 (ex-sh), while Fortuner Legender prices are not.

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[Nairrk]

Volvo C40 Recharge prices hiked by Rs 1.7 lakh

With the introductory price period coming to an end, Volvo has revised the prices for the C40 Recharge which now start at Rs 62.95 lakh (ex-showroom). The Coupe-SUV was launched at Rs 61.25lakh, and the brand has claimed that it has received strong demand for the EV with over 100 bookings since September 5.

Autocar

 

[Nairrk]

MG Hector and Hector Plus price hiked up to Rs 40K

Just a month after slashing the prices of MG Hector and Hector Plus by up to Rs. 1.3 lakh, the company has now hiked pricing by up to Rs. 40,000

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[350Z]

BMW India has announced a price increase of up to 2% across the BMW model range. The new prices will be effective from 01 January 2024 onwards.

Drive Safe,
350Z

 

[350Z]

Mercedes-Benz India will increase the ex.showroom price of its select model range up to 2%, effective 1st January 2024. Price hike will range from ₹2.6 Lakh for GLS to ₹3.4 Lakh for the Mercedes-Maybach S680.

Drive Safe,
350Z

 

[Nairrk]

Toyota Innova Hycross prices increased by Rs. 42,000

The Innova Hycross's base GX variant has received a price hike of Rs. 10,000. All other variants now cost Rs. 42,000 more than last year. At the same time, Toyota has removed the GX limited edition variant from the line-up. Its waiting period currently extends to 14 months.

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[Nairrk]

Honda Elevate prices hiked by up to Rs 58,000

Honda has hiked the prices of the Elevate SUV, bringing an end to its introductory price period. Depending on the variant, the hike ranges between Rs 20,000 and Rs 58,000, and now the Elevate SUV is priced from Rs 11.58 lakh to 16.20 lakh (ex-showroom, Delhi).

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[350Z]

Tata Motors has announced that it will increase prices by 0.7% (on average) across its passenger vehicles, including EVs, effective February 1, 2024. This increase is being taken to partially offset the rise in input costs.

Drive Safe,
350Z

 

[Nairrk]

Maruti Grand Vitara mid-size SUV prices hiked

The Maruti Grand Vitara, launched with much fanfare in April 2023, has seen a steady climb in prices since its debut. This mid-size SUV, touted as a game-changer in the segment, has undergone its third price hike, raising concerns for potential buyers and impacting its initial competitive edge.

Maruti Suzuki attributes these hikes to rising input costs, primarily for raw materials and components. Global supply chain disruptions and inflationary pressures are also cited as contributing factors. While these reasons hold merit, some industry experts suggest Maruti is capitalizing on the strong initial demand for the Grand Vitara to maximize profits.

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