Indian Cars Price Hike News & Updates


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Renault Triber India Prices Hiked By Up To ₹ 13,000

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The BS6 Renault Triber was launched in the country earlier this year in January for a starting price of ₹ 4.99 lakh (ex-showroom). The company hiked the prices by up to ₹ 29,000 specifically because of the BS6 transition. It is worth noting that the MPV has already received four price hikes since its launch. Now, the BS6-compliant MPV has received another price hike, which ranges from ₹ 11,500 to ₹ 13,000. Unlike previous instances, the company has also increased the price for the base variant. The MPV has been churning out good volumes for the carmaker.

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Hyundai Creta Gets A Price Hike Of Up To 62,000; New Petrol Base Variant Introduced

Hyundai India has increased the prices for the new-gen Creta compact SUV by up to ₹ 61,900. Additionally, the company has also introduced a new base E variant for the petrol version which has been launched at ₹ 9.81 lakh (ex-showroom, Delhi). Earlier, the E trim was only available with the diesel option, while the petrol variants started from the EX trim, which has received the highest price hike of ₹ 61,900. The new variant has possibly been introduced to off-set the heavy upward revision in the price of the EX petrol variant, and also, to keep the entry-level ex-showroom price below ₹ 10 lakh. The rest of the petrol and diesel variants have now become dearer by ₹ 11,900. After the revision, the 2020 Hyundai Creta is now priced from ₹ 9.81 lakh to ₹ 17.31 lakh (ex-showroom, Delhi).

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Hyundai Verna Prices Hiked By ₹ 8,000; Gets A New Entry-Level Petrol Variant


Hyundai Motor India has silently introduced a new base petrol variant for its compact sedan - the Verna. The new E trim, which now sits below the previous entry-level variant S, has been launched at ₹ 9.03 lakh, bringing the base price of the car down by ₹ 28,000. However, the company has also increased the price for the rest of the variants of the Verna by ₹ 8,000. So, if we exclude the new E variant, the Hyundai Verna variants, which were earlier priced between ₹ 9.30 lakh and 15.10 lakh, are now priced from ₹ 9.38 lakh to ₹ 15.18 lakh (all prices ex-showroom, Delhi). We saw Hyundai employ a similar strategy with the Creta as well, which recently received a priced hike of up to ₹ 62,000.

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Tata Increases The Prices Of Select Variants Of The Nexon EV By ₹ 26,000

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Tata Motors has increased the price of its electric SUV, the Nexon EV, by ₹ 26,000 for the XZ+ and the XZ+ LUX variants in India. However, prices for the entry-level XM variant remains unchanged, and the electric SUV continues to come at a starting price of ₹ 13.99 lakh. However, after the revision, the other two variants are now priced at ₹ 15.25 lakh and ₹ 16.25 lakh (all prices ex-showroom, Delhi) respectively. When we reached out to Tata Motors, the company told us that the prices announced at the time of launch were introductory, and with the rising raw material cost, it had to increase the price of the electric vehicle.

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MG Gloster price hiked by up to Rs 1 lakh; sold out for 2020

New MG Gloster price list
It’s the entry-level MG Gloster Super 4x2 variant that sees the biggest jump in price – launched at Rs 28.98 lakh, it’s now priced at Rs 29.98 lakh, a full Rs 1 lakh more. The second biggest price hike is for the Gloster Smart 4x2, which, at Rs 31.48 lakh, is pricier by Rs 50,000.

Both 6- and 7-seat versions of the Gloster Sharp 4x4 have seen their prices rise by Rs 30,000, while the smallest price hike is for the range-topping Gloster Savvy 4x4, which, at Rs 35.58 lakh, costs Rs 20,000 more than it did at launch.

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Audi India Announces Price Hike Of Up To 2 Per Cent Across Its Model Range


Price revision at the beginning of the year has become a norm in the auto industry and the primary reason is the increase in material cost. Audi India has announced a price hike of up to 2 per cent across its model range in India from January 1, 2021 across the nation and will be applicable on all company knocked down (CKD) and completely built units (CBU) models. The German carmaker has cited rising input costs and weakening of the rupee as the reason behind this hike.

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Mahindra will hike prices of its passenger and commercial vehicles w.e.f Jan 1, 2021. The company has stated that details of increased amount will be shared in due course.

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Renault India To Hike Car Prices By Up To ₹ 28,000 From January 1, 2021

Renault India has announced that it will be increasing prices across its model line-up by up to ₹ 28,000. The price revision will come into effect from January 1, 2021, and the price hike would vary based on the variant and model. Renault India has stated that the upward revision in prices is a result of the steadily increasing input costs across the spectrum, including input costs for steel, aluminium, plastics and other affiliated cost increases during the COVID-19 pandemic.

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BMW and MINI car prices will hike by 3% with effect from 1st November 2020.
There’s another hike coming up for BMW & MINI models of upto 2% w.e.f 4th Jan 2021.​
Mr. Vikram Pawah, President, BMW Group India said, “In an unprecedented year, BMW Group India has been focused on providing best-in-class products and unparalleled services to its esteemed clientele. From 4 January 2021, BMW Group India will introduce the new pricing for BMW and MINI portfolio, increasing the prices marginally by up to 2% to offset the increasing input costs. This will ensure that customer satisfaction, dealer profitability and sustainable growth, which are fundamentals of a successful business, remain strong. BMW Group India will continue to set uncompromising standards in the luxury auto industry and create customer delight.”
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Nissan has announced price hike of upto 5% across its own and Datsun models range w.e.f Jan 2021.​
Rakesh Srivastava, Managing Director, Nissan Motor India Pvt Ltd, said, “With the launch of the all new Nissan Magnite, Nissan has reiterated its commitment to offer innovative and exciting products under the Nissan brand. Nissan aims to offer the best value proposition to its customers in India. In the current challenging market conditions, we are constrained to increase the price of all Nissan and Datsun models due to increased costs. The proposed price increase will be effective from January 2021.”
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TATA Motors has not announced any price hike. Looks like there is no upward revision as sales is to stock ratio is the lowest and also price revision seems to make them pricier. So maybe company has thought a way to reach the sales target of 40k by festival region as it planned in a dealer target sheet.
 
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The Ford SE s in Pune are pressing for booking of Aspire /Freestyle in the December itself so as to protect myself from price hike. Also they are telling me that the waiting period would be 90 days from the date of the booking. I wonder how it is possible when they hardly sold 300 odd units of Aspire during this festive & pent up demand season?
 
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Mahindra Increases Prices Of Vehicles By 1.9 Per Cent

Mahindra today announced that effective January 8, 2021, the prices of its range of passenger and commercial vehicles will increase by around 1.9 per cent. The hike in price will result in an increase in cost of vehicles in the range of Rs 4,500 - Rs 40,000, depending on the model and variant.

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TATA Motors has not announced any price hike. Looks like there is no upward revision as sales is to stock ratio is the lowest and also price revision seems to make them pricier. So maybe company has thought a way to reach the sales target of 40k by festival region as it planned in a dealer target sheet.
Tata Motors has announced price hike from today onward citing input and material costs. The hike is upto Rs.26,000 depending upon variant. However, there’s price protection for those who’ve booked on or before 21 Jan.

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