Tuesday, December 31, 2024
By Kamal Swami
Buy Your Dream Car Today Before Price Hikes From 1 January 2025
With only a few hours left until the arrival of 2025, new car buyers are still deciding whether to buy the car of their choice. According to industry reports, all major carmakers have announced a hike in the prices of their portfolio from two to six per cent due to an increase in the cost of production. However, at the same time, various car makers have also announced alluring offers on their existing stocks to increase their profits.
Year-End Discount to Boost Sales
Dealerships of different car makers across the country are offering special year-end discounts to clear inventories, offering a golden opportunity for buyers. The availability of excessive stocks with dealerships has compelled the manufacturers to announce various offers on their vehicles before the beginning of the new year.
Therefore, for those who urgently need to buy a new car, today could be the best time to book their dream vehicle before prices rise. Several automakers have confirmed price hikes across their portfolios, citing rising input and operational costs.
Price Hikes Across Major Brands
- Honda Cars India will increase prices by up to two per cent across models such as the Amaze, Elevate, and City.
- Skoda Auto India also plans to hike prices up to 3% on models including the Slavia, Kushaq, and Kodiaq.
- Jeep and Citroen, both under the Stellantis umbrella, will implement a two per cent increase.
- Kia India has also revised prices for its lineup, including the Sonet, Seltos, Carens, Carnival, and EV6, starting January 1. Notably, bookings for the newly revealed Kia Syros open on January 3.
- Tata Motors will revise pricing across its entire lineup, affecting both internal combustion engine (ICE) models and electric vehicles (EVs). Similarly, Mahindra SUVs such as the Thar, XUV700, and Scorpio-N will see a three per cent price increase.
- JSW MG Motor will raise prices by up to three per cent on all models, while Hyundai Motor India confirms increases across its ICE and EV ranges.
- Meanwhile, Maruti Suzuki, India’s largest carmaker, has announced a price hike of up to four per cent.
Luxury Car Prices on the Rise
German automakers Mercedes-Benz, BMW, and Audi have each confirmed increases, due to a hike in input and operational costs.
Final Hours to Save Big
With these changes looming, buyers have just hours left to capitalize on discounts and secure better deals before the price hikes hit. Experts recommend acting quickly to avoid higher costs and make the most of the year-end offers.
