Cars Get Costlier In FY26

New Delhi: Cars are set to get costlier from April, with various automakers like market leaders Maruti Suzuki, Mahindra & Mahindra (M&M), and Hyundai, announcing price hikes due to rising input costs and operational expenses.

Maruti Suzuki India, which leads the domestic passenger car segment in the country, plans to hike prices of its entire model range by up to four per cent from next month. The auto major currently sells various models, ranging from the entry-level Alto K-10 to the multiple-purpose vehicle Invicto in the domestic market, with prices ranging from Rs 4.23 lakh to Rs 29.22 lakh, respectively (ex-showroom Delhi).

Its rival Hyundai Motor India said it will increase car prices by up to 3 per cent from April 2025, owing to rising raw material and operational costs. Similarly, Tata Motors intends to increase the prices of its passenger vehicle range, including electric vehicles, from April 2025, for the second time this year. Mahindra & Mahindra said it will hike prices of its SUVs and commercial vehicles by up to 3 per cent from April.

Kia India, Honda Cars India, Renault India and BMW have also announced to hike vehicle prices from the next month. Deloitte Partner & Automotive Sector Leader Rajat Mahajan said carmakers usually have two price hike cycles in India, one at the beginning of the calendar year and another at the start of the financial year.