Tata Motors and Kia India have announced price increases across their passenger vehicle portfolios, including electric vehicles, effective January 2025, reports Reuters.
Tata Motors will raise prices by up to 3%, with adjustments varying by model and variant. The automaker cited rising input costs and inflation as key reasons for the hike. Similarly, Kia India plans a price increase of up to 2%, attributing it to surging commodity costs, unfavorable exchange rates, and higher supply chain expenses.
Hardeep Singh Brar, Senior Vice President of Sales and Marketing at Kia India, stated, “Despite these challenges, we are committed to delivering advanced vehicles of the highest quality. However, a necessary price adjustment has become unavoidable.”
These price hikes align with moves by other automakers in India, such as Maruti Suzuki, Mahindra & Mahindra, and Hyundai Motor India, who have also announced increases effective January.
