Come January, cars set to be dearer

Vijay C Roy

Tribune News Service

Chandigarh, December 29

Come January, cars are set to cost more as major automakers, including Maruti Suzuki, Toyota, Honda, Tata Motors, Renault, Audi and Mercedes-Benz, have decided to hike prices.

Skoda Auto India will also increase prices by up to 3% from January. “We have decided to hike prices because of rising input cost and increased operational expenses,” said Zac Hollis, Brand Director, Skoda Auto India.

Country’s largest carmaker Maruti Suzuki India had earlier announced to increase prices for different models from January. The increase shall vary for different models, the company said in a regulatory filing.

Similarly, German carmaker Mercedes-Benz has said it will hike prices of select models by up to 2% to offset feature enhancement and rising input costs. Automakers said the increase in prices of steel, aluminium and other precious metals has led to the price hike.

German luxury carmaker Audi has also announced to hike prices by up to 3% across its entire range.