New year means new models from multiple carmakers along side an upward revision of costs of these already on sale. 2021 will witness multiple brands following this yearly practice, in fact, a couple of have already announced price increments across their product lineups. Here’s an inventory of all the carmakers that have declared a price hike:
Maruti Suzuki
One of the foremost popular brands in India, Maruti has announced a price hike across all models beginning from January 2021. While it’s not revealed the quantum of the increment, it’s stated it’ll vary counting on the model chosen. the worth hike are going to be applicable to both Arena and NEXA models including the facelifted Vitara Brezza, Baleno, and Wagon R. Maruti’s current portfolio offers cars priced from Rs 2.95 lakh to 12.39 lakh.
Mahindra
Mahindra has been riding high on the large success garnered by the second-gen Thar. it’ll now be increasing prices effective from January 2021 as a results of rising input and commodity costs. Although the extent of the hike is yet unknown, it’ll apply to all or any Mahindra models. However, customers who have booked the new Thar on or before November 30, will get the SUV at its launch price. Mahindra currently offers models priced within the range of Rs 5.67 lakh to 31.73 lakh.
Renault
Joining the bandwagon, Renault has also announced that the costs of its models are going to be hiked from January 2021. Unlike the above brands, Renault has said the increment are going to be up to Rs 28,000 counting on the variant and model. The carmaker’s current Indian portfolio consists of cars priced from Rs 2.99 lakh to Rs 13.59 lakh.
MG Motor
The Hector family is about to urge another member soon within the sort of a 7-seater version of the SUV. While the primary month of 2021 will witness the launch of the car, MG has declared it’ll hike the costs of all models by up to three percent thanks to the surge in costs. The carmaker currently offers four SUVs in India priced from Rs 12.83 lakh to Rs 35.58 lakh.
Nissan-Datsun
The Nissan-Datsun duo has also announced that the costs of models from both carmakers will increase by up to five percent thanks to the increased costs. The increment are going to be applicable to the recently launched Nissan Magnite also since it’s available at introductory prices until the top of 2020. Both Nissan and Datsun offer three models in India priced within the range of Rs 2.83 lakh to Rs 2.12 crore.
Volkswagen
The Volkswagen Polo and Vento are set to become expensive by up to 2.5 percent as a results of a price hike which will be implemented in January 2021. Volkswagen says increment is important thanks to the rising input costs. The carmaker retails the 2 models within the range of Rs 5.87 lakh to Rs 9.67 lakh and Rs 8.93 lakh to Rs 13.39 lakh respectively.
Skoda
Skoda has also announced that the costs of all its models will go up by up to 2.5 percent from January 2021. The carmaker has cited rising input costs and volatility in commodity prices and exchange rates because the reason for the worth hike. It currently offers four models in India priced from Rs 7.99 lakh to Rs 35.99 lakh.
While there’s no official word yet from popular brands including Hyundai, Kia and Honda, expect them et al. to imitate as we head towards 2021.