Inflation drives 2024 price hike for Maruti, Tata, Mahindra and more

By Vivek Dubey By Vivek Dubey CNBC-TV18.com CNBC-TV18.com Published Dec 12, 2023 Published Dec 12, 2023

Facing inflation and rising steel costs, major carmakers like Maruti, Tata, and Mahindra are set to hike prices from 2024. The move impacts a wide range of models.

Maruti’s Move

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Mahindra’s Markup

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Tata’s Tweak

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Honda Hike

[{"selector":"#anim-da7cf87c-39bc-4f26-917f-eeb31a919d37 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(29.436977469661052%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Honda India to increase prices of all four-wheelers from January 2024, citing rising production costs. Models include City and Amaze.

MG’s Move

[{"selector":"#anim-54d8f9f7-592d-437b-8742-06a8332e10e8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.810904353493676%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] MG announces price rise on all models from January 2024 due to rising production costs. Models include Comet EV and Hector.

Hyundai Hike

[{"selector":"#anim-10288202-a867-4df0-a4cf-8d3637b31f50 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(1.8045477636117742%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Hyundai India to hike prices of all vehicles from January 1, 2024, due to rising input costs. Models include Alcazar and Creta.

Citroen’s Climb

[{"selector":"#anim-11d8444b-f943-4386-9609-baf85c0d6bff [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(45.50920742575873%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Citroen India to hike prices across its model range from January 1, 2024. Models include C3 and C5 Aircross.

BMW’s Boost

[{"selector":"#anim-260fca50-99e7-4285-9115-0b0d4ae9374f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(16.631590851370923%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] BMW India to hike prices across its model range by 2% from January 1, 2024. Models include 2 Series Gran Coupe and 3 Series.

Audi’s Adjustment

[{"selector":"#anim-b2c2a150-38ed-4700-90f4-58b0d95b1fd1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Audi announces a uniform 2% price hike across its model range. Models include A4, Q3, and S5 Sportback.

Mercedes’ Markup

[{"selector":"#anim-fe34be24-fafa-4040-9ba4-999c45ae5b05 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(15.624999488015773%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Mercedes -Benz India mulls a price hike from January 1, 2024. Quantum to be specified later.

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