Major carmakers, including Honda and Maruti, to hike prices again from April 2025

Several major car manufacturers, including Honda, Maruti Suzuki, Renault, Tata Motors, and Hyundai, have announced price increases for their vehicle line-ups starting in April 2025. For most of these manufacturers, this marks the second price rise this year. The decision has been attributed to rising operational expenses and soaring input costs.

Mahindra to hike prices: Mahindra & Mahindra has announced that it will increase prices of its SUVs and commercial vehicles by up to 3% starting in April. The company cited rising input costs and higher commodity prices as the primary reasons for the hike. The price increase will apply to popular models such as the Thar, Scorpio, and XUV700, along with other vehicles in its lineup.

Honda Price Increase: Honda Cars India has confirmed that prices for the Amaze, Elevate, and City models will rise in India, though the exact increase has not been disclosed. Currently, the City and City e: HEV models are priced at ₹12.28 lakh (ex-showroom) and ₹20.75 lakh (ex-showroom), respectively.

Maruti Suzuki Price Increase: Maruti Suzuki India Limited (MSIL) announced a price hike of up to 4% on 17 March, effective from 1 April. India’s largest passenger car manufacturer has now raised prices three times this year, following similar increases in January and February. The price rise will vary by model, though Maruti has not provided specific details.

Renault Price Increase: From April, Renault India will increase the prices of all its models by up to 2%. This marks Renault’s first price adjustment in the Indian market in over two years, with the last increase occurring in February 2023. Models such as the Triber, Kiger, and Kwid are expected to become more expensive once the price change takes effect.

Tata Motors Price Increase: Tata Motors has also announced a price rise across all its passenger car models, including electric vehicles, effective 1 April. The increase, set at 2%, will vary based on the model and variant. Popular models such as the Tiago, Punch, Tigor, Nexon, Harrier, Curvv, and Safari are currently available in the Indian market. This follows a previous price hike of up to 3% in January.

Hyundai Price Increase: Hyundai Motor India has confirmed that it will increase car prices by up to 3% from April 2025 due to escalating operational and raw material costs. This is Hyundai’s second price rise since its October IPO. The exact increase will depend on the model and variant.

Kia Price Increase: South Korean car manufacturer Kia India has announced that it will raise prices across its entire product range by 3% from 1 April. As a result, models such as the Seltos, Sonet, Carens, and Sorento are expected to become more expensive for customers.

BMW Price Increase: BMW Group India has also confirmed a price rise of up to 3% for its full range of BMW and MINI vehicles. The company’s locally assembled SUVs—including the BMW X1, X3, X5, and X7—as well as sedans such as the BMW 2 Series Gran Coupé, 3 Series Long Wheelbase, and 5 Series Long Wheelbase, will all be affected. This marks BMW’s second price hike this year, following a similar adjustment in January.