1 Maruti Suzuki  

As one of the leading automobile manufacturers in India, Maruti Suzuki commands nearly 40 per cent of the market share and has declared a price increase for the upcoming year. The company has officially communicated that the prices of its vehicles will rise by four per cent, as detailed in a regulatory filing.

2 Hyundai  

On December 5, Hyundai Motor announced a forthcoming price increase for its vehicles. The manufacturer indicated that prices could rise by as much as ₹25,000. However, a specific amount or percentage for the increase has not been disclosed. Notable SUVs such as the Hyundai Creta, Exter, Venue, Tucson, and Alcazar will experience this price hike. Additionally, the popular sedan Verna, hatchbacks i20 and i10, as well as the sole electric vehicle, the Ioniq 5, will also be impacted by the changes effective January of next year.

3 Mahindra  

Mahindra, recognized for its robust lineup of SUVs including the Thar, XUV 700, Scorpio, XUV 3XO, XUV 400, and the newly introduced electric models BE 6e and XEV 9e, announced on December 7 that it too will implement a price increase in the new year, with adjustments of up to three per cent.

4 MG Motor  

MG Motor, a subsidiary of the JSW group in India, has revealed plans to raise the prices of its vehicles in the upcoming year. The company stated that the increase would not exceed three per cent, depending on the specific model. This decision was attributed to escalating input costs and various external factors that necessitated the adjustment.

5 Mercedes-Benz and other luxury car makers  

Luxury automobile manufacturers have also indicated that they will raise their prices starting January 2025. Mercedes-Benz has confirmed that its vehicles will see an increase of up to three per cent. Similarly, BMW has announced a comparable price hike of up to three per cent beginning in 2025. Audi India has also joined this trend, revealing a price increase of up to three per cent across its entire portfolio in India. The rationale behind these price adjustments primarily stems from various economic factors.