Car Prices

Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs specially the adverse impact of foreign exchange. This will be the second time in three months that the company is increasing prices of its vehicles. The ex-showroom price of the company's model range will increase by up to 5 per cent from April 1, 2023, the company said. Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI that the company has been tracking the Euro and the Rupee has depreciated against it in the past few months. "In October it (Euro) was around 78-79 (to a Rupee) and now it is at 87. It is really putting pressure and if we don't take this proactive step now, it will deteriorate our overall business model in India," he said. As a result, from April, prices of the company's A-Class limousine will go up by Rs 2 lakh and GLA SUV by Rs 7 lakh for the top-end

Carmaker Renault India on Wednesday said it will increase the prices of its vehicles across models from the next month to partially offset rising input costs. The company -- which sells small car Kwid, multi-utility vehicle Triber and compact SUV Kiger with prices ranging from Rs 4.64 lakh to Rs 10.62 lakh -- however, did not disclose the quantum of its impending price hike. "Reasons for the price hike are to partially offset the impact of constant increases in input costs largely driven by pricier commodities, fluctuations in foreign exchange rates, inflation and also due to regulatory obligations," Renault India said in a statement. The company asserted that India is a key market for it and has a long-term strategy to grow the brand with plans to "bring several new innovations in products and services for the diversified Indian customers". Together with launching products of global repute, the company said, "Renault has a strong 'India strategy' with a heavy emphasis on localisat

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Kia India on Monday said its sales increased 18 per cent year-on-year to 19,019 units in April. The automaker had dispatched 16,111 units to dealers in April 2021. Seltos remained the top contributor to Kia's overall sales with 7,506 units, while Sonet and Carnival contributed 5,404 and 355 units, respectively. Launched in mid-February, Carens dispatches stood at 5,754 units. "Kia India has sold close to 20,000 units on an average, every month in 2022 and it has been a healthy year for us. The global automotive industry has been facing a tough phase battling supply chain woes since the Covid-19 pandemic started in 2020," Kia India VP and Head of Sales & Marketing Hardeep Singh Brar said in a statement. The company has been receiving an overwhelming demand for its vehicles, and it is optimising production consistently to keep the waiting period in check, he added. "At Kia India, we believe in evolving ourselves consistently, and hence we are bringing the most hi-tech Kia ever made

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The continued rise in the cost of commodities is the reason for price hike, says the CV maker

Automakers Daimler and BMW are planning to limit the volume of premium models they ship even as chip shortages wane across the industry

Volkswagen's new SUV is set to lock horns with half a dozen rivals

The country's largest carmaker Maruti Suzuki India on Monday said it has increased prices of its entire product range, except Celerio, by up to 1.9 per cent with immediate effect

The hike could be steeper than last three rounds, pushed by an exponential increase in prices of raw materials such as steel and copper, analysts said

If the order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners

The country's largest automobile maker Maruti Suzuki India (MSI) on Monday said it will hike prices of its cars in the second quarter of the current fiscal due to increase in the input costs

Barring Celerio and Swift, all the models of the company will be covered under the price increase exercise

Can't raise prices despite higher production cost, says firm

Mahindra & Mahindra (M&M) on Friday announced hike in prices of its range of personal and commercial vehicles by around 1.9 per cent with immediate effect. Mahindra & Mahindra (M&M), part of the USD 19.4 billion Mahindra Group, will raise the prices of range of personal and commercial vehicles by Rs 4,500 - Rs 40,000, depending on the model and variant, the Mumbai-based automaker said in a regulatory filing. M&M said in the case of new Thar, the current price increase will be effective for all bookings done between December 1, 2020 and January 7, 2021. All fresh bookings for the new Thar, effective January 8, 2021, will have prices as applicable on the date of delivery, the company added. Veejay Nakra, CEO Automotive Division, M&M said the price increase was necessitated due to unprecedented increase in commodity prices and various other input costs over the past many months. "We have made all efforts to reduce our costs and deferred price increase for a ...

The price will increase by around 1.9 per cent, resulting in an increase of Rs 4,500 - Rs 40,000, depending on the model and variant