Car Prices

Mercedes-Benz India is considering hiking prices of its products every quarter in the next calendar year to offset the adverse impact of rupee depreciation against the euro, its Managing Director and CEO Santosh Iyer said on Tuesday. The company has already announced plans to hike prices of its products by up to 2 per cent from January 1, 2026. The price adjustment reflects the ongoing forex challenges as euro-rupee exchange rate consistently remains above Rs 100-mark in 2025, significantly higher than historical averages, it had stated. "We are considering price hike every quarter next year, and that is because of rupee devaluation to euro," Iyer told PTI here on the sidelines of FICCI Mercedes-Benz Bharat Innovation business ideas challenge programme launch. He said about 18 months back, the exchange value was Rs 89 to a euro and now it's around Rs 104-105. "That is more than 15-18 per cent of depreciation," he noted. While the company has already announced price hike from Janu

forex pressures, rising commodity prices, rural demand uncertainty to push prices up

Electric car sales grew by 63% YoY in November; but penetration fell to 3.7% below the pre-GST rate cut level of 5%

With the rupee weakening against the euro and dollar, luxury and mass-market automakers are preparing steep price hikes as rising import and semiconductor costs squeeze margins

Buyers can save ₹50,000 to over ₹2 lakh, depending on the model. Check which cars are cheaper

Overall amount paid by dealers in compensation cess is estimated to be in excess of Rs 4000 crore

Hyundai to cut prices of Verna, Creta, Venue, i20 and Tucson by up to ₹2.40 lakh from Sept 22 after GST rate cut, making cars more affordable this festive season

Citroen eyes stronger India play with Basalt X SUV, aiming to double market share in three months while exports from Thiruvallur are projected to cross 10,000 units in FY26

While average selling prices rose 7.6% between 2019 and 2024 due to premiumisation and regulation costs, they are expected to rise more moderately at 4.5% CAGR till 2029

JSW MG Motor India on Wednesday said it will hike prices of its vehicles by up to 1.5 per cent across most of its offerings from July 1. This revision is being done to mitigate the impact of rising input costs and other macroeconomic factors, the company said in a statement. The company sells a range of conventional engine and electric vehicles like Comet EV with price starting at Rs 7.36 lakh to SUV Gloster at starting price of Rs 43.35 lakh.

The firm expects auto companies to pass along 80 per cent of the cost of Trump's tariffs, which it calculates as $1,760 more per car

Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars have all announced price hikes April 2025 onwards

Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra (M&M), and JSW MG Motor all announced price hikes this year to offset rising input costs

The duties would immediately hit almost one quarter of the 16 million vehicles that are sold in the US each year, as well as the parts and components that go into them

The Lotus Emeya will be offered in three variants: Standard, S and R. Prices for the S and R variant are yet to be announced

Rise in material cost, rising operational cost, freight charges, increase in wages and forex volatility are some of the major reasons cited by carmakers

Already passenger vehicle makers, including Maruti Suzuki, Hyundai Motor India and Tata Motors, along with luxury carmaker Mercedes-Benz, BMW and Audi have announced that they would increase the price

Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. "We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well," Deloitte India Partner Rajat Mahajan said. While there could be multiple factors for the price increase, the key one is due to a decline in profitability of a few large auto OEMs in the second quarter, he added. "Due to the festive .

Several automakers have announced price increases for their vehicles starting January 2025, citing rising input costs, operational expenses, and supply chain disruptions

Maruti Suzuki India on Sunday reported a 4 per cent year-on-year decline in total sales in August at 1,81,782 units. The company had dispatched 1,89,082 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared with 1,56,114 units in the year-ago month, a dip of 8 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis and Swift, declined 20 per cent to 58,051 units as compared with 72,451 units in the year-ago month. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga, Invicto, Fronx and XL6, clocked sales of 62,684 units last month as compared to 58,746 units earlier. Sales of Eeco were at 10,985 units last month as against 11,859 units in the year-ago period, while that of light commercial vehicle Supe