Passenger cars to witness a price hike in the new year.

Kia, Maruti Suzuki, Tata, Mercedes-Benz and Audi have announced a price hike across their model range from January 2023. All carmakers have cited an increase in commodity prices as the major reason behind the hike.

Maruti Suzuki has confirmed that it will be increasing the prices of its entire model line-up, although the hike will vary depending on the model. 

Kia will hike the price of its entire model line-up by up to Rs 50,000 from January 2023. The South Korean manufacturer has also stated increasing commodity and transportation costs as the reason for the hike.

Along with the rise in commodity prices, Tata also states that updating its vehicles to meet the upcoming RDE norms will also lead to a hike in prices. 

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