Car Prices set to Increase from January 2021. Major Hike Due

Car Companies set to Increase Prices from January 2021. Maruti Suzuki, Hyundai, Honda, Toyota, Tata Motors, Mahindra, Kia Motors and Luxury Brands too

Car Price Hike from January 2021

Car Companies set to Increase Prices from January 2021 and trust the price hike going to be substantial one this time especially with the fact

• 2020 as a year was with Lockdown Impact along with Sales been Impacted 
• Increased Input Costs across globe due to Covid Impact
• Weakening Rupee against Dollar where almost 5%+ Depreciation noted in Calendar year

Thanks to Festive Season and New Launches - Consumer Demand is back and 2021 January would likely be a month which will come with unprecedented Price hike

So, if you speak about

Maruti Suzuki: Maruti Suzuki already announced for a Price hike in 2021. Although exact Price hike details not available, but is anticipated that that there would be 1% to 1.5% hike in January 2021 making Maruti Hatchback Cars expensive to tune of Rs 5000 to Rs 10,000 while MPV and SUV Cars can turn expensive from Rs 10,000 to Rs 15,000.

Hyundai: Hyundai India increased Car Prices in September and October 2020 of Car Range and expected that January 2021 would be what another hike which is what anticipated with upto 1.5% increase which can just happen. So while I20 can get expensive to tune of Rs 10,000, Venue can be from Rs 10,000 to 15,000, while Creta can can expensive to tune of Rs 20,000

Honda:  Honda Cars too India, wont be left out with a Price Hike anticipated of Honda Cars especially Amaze, WRV, Jazz and City - all will be turning expensive in January 2021. Its anticipated that 5th Gen Honda City can get expensive to tune of Rs 20,000 from existing prices

Kia: Kia Motors did not increased prices for long, except when Seltos features were reshuffled after Creta launch - a price hike is much due and there could be sharp Price hike which may just happen on Sonet and Seltos. 

We expect Price hike which may happen anywhere in range of Rs 10,000 to Rs 20,000 on Sonet and from Rs 20,000 to Rs 30,000 on Seltos effective January 2021 - which is what substantial hike.

Tata Motors, Mahindra: Both Home Grown Manufacturers offering very best of Safe Cars in Indian Market and Price Hike is also due. Do note that despite Indian Car Manufacturers - there are many components and parts which are what imported by Vendors and also a hike in Input costs impacting Tata and Mahindra too.

Expect price hike of 1% to 2% with a major price hike expected of all new Thar to extent of even upto Rs 20,000 hike and similary for Harrier - anticipated is Rs 15,000 to Rs 25,000 Price hike for 2021

Audi, BMW, Mercedes Benz, Porsche and Luxury Brands: Depreciating Rupee and Increased Input costs would just make Luxury Cars turned lot more expensive. There can be 2% to 3% Price hike which is expected on Luxury Cars effective January 2021

Other Cars Price Hike: Yes, Toyota, Volkswagen, Renault, Skoda and other Manufacturers will also be increasing Car Prices effective January 2021