Car and bike prices are going to increase from the new year, know how much the prices will increase?

new Delhi. If you are planning to buy a new car in the new year, then tell that for this you will have to pay 1-3 percent more than the current price. Because from Maruti Suzuki, Hyundai and Tata Motors to luxury brands Audi and Mercedes-Benz, carmakers have announced price hikes from next month ie New Year to partially offset the impact of rising costs.

The automaker had earlier said that the cost will increase till 2022 due to shortage of semiconductors along with other factors. Prices are rising due to a rise in car sales in India following disruptions caused by COVID-19 and shortages of components including semiconductors.

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The price hike will depend on the model
Companies say that the increase in price will vary depending on the model. Market leader Maruti Suzuki, which makes Baleno, Celerio, Dzire, Ignis, Swift and WagonR cars, said the price hike will vary depending on the model.

Maruti Suzuki said in a stock exchange filing on December 2 that while the company makes maximum efforts to reduce costs and partially offset the increase, it has become imperative to pass on some of the impact through price increases. Hyundai Motor India said that the new prices of its i10 Nios, Creta, Venue, Verna and Tucson models will be applicable from January.

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Know which car will be expensive
From January, Kia’s cars including Seltos, Sonnet, Carens and Carnival will become costlier by up to Rs 50,000. Honda Cars India will increase the prices of its City, Amaze and City Hybrid by up to Rs 30,000. Jeep’s line-up, including Compass and Grand Cherokee, could be 2-4 per cent costlier.

At the same time, two-wheeler manufacturers are also going to revise the prices. Hero MotoCorp, the largest two-wheeler maker by market share, has increased the ex-showroom prices of its motorcycles and scooters by up to Rs 1,500 with effect from December 1.

Tags: Bike News, car reviews, Hyundai, Maruti Suzuki


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