Seems after getting used to the global pandemic, now we have to face the rise in prices of automobiles here in India. Nevertheless, hiking the prices across the range at the time of the new year is a trend for a while now. And this is in fact a decade change.
But this time around, the carmakers have a definitive cause to increase them, yes! Corona Virus. It starts with one manufacturer and before we know just like DOMINOS, it’s across the range and almost all the manufacturers are a part of it.
So without wasting further time let’s take a look at the manufacturers that are guilty of raising the prices of their vehicles.
The Korean carmaker ‘Hyundai’ is in its own league with almost topping the sales charts in the premium segment. Despite selling like hotcakes, the carmaker has hiked the prices of its vehicles across the line-up. Alongside that, they have also discontinued some of the non-popular variants of Venue, Santro, and Grand i10 Nios.
Focusing back on the price hike, Hyundai has increased prices on different variants and it ranges from ₹7,500 to ₹32,800. Also, the increase applies to the vehicles delivered after 31st December 2020.
When it comes to compact SUVs Koreas have been dominating the market for a while. Besides, they still are reluctant to increase the prices of both the vehicles, Seltos and Sonet. Also, talking about the sales numbers, Kia has shown a growth of about 150% considering its sales in 2019 December.
As of now, Kia has increased up to ₹20,000/- on ex-showroom prices. Well, the prices vary with the variant and the model you are after. Also, some variants did not witness any price hikes which is cool.
The Indian carmaker is also part of the price hiking party with a bump in prices of both, commercial vehicles as well as passenger cars. Not to forget, that the new Thar is also a part of the trend.
As per our sources, the rise in prices is about 2% that translates to 4,500 to 40,000. Obviously, this all depends on the vehicle and the variant opted for. Mark 8th January 2021 as the implementation of the price hike for Mahindra.
This Chinese carmaker did play a little differently as they launched a facelift along with which they introduced the new prices. Of course, these prices were a tad bit higher than that of the ongoing versions.
The new 2021 MG Hector facelift gets a minimum price bump of ₹6,000 for the base variant and goes all the way up to ₹ 44,000 for the top end trip. Not to miss, the MG Hector Plus got a new set of variants in the form of 7 seaters and the existing 6 seaters got a new update. Also, they too became a little expensive.
Let us know in the comment section what do you think of the price hike?