Most carmakers will be increasing prices in January 2023 due to rising commodity prices and upcoming RDE emission norms and new safety standards

new cars price increase jan 2023 – maruti, tata, kia, citroen, jeep, audi, merc

Image – Vivek Singh

Over the past two years, car prices have increased multiple times. 2023 doesn’t seem any different, as most carmakers have announced price hikes from January. Key reasons include rise in commodity prices and transportation costs as well as expenses linked to compliance with upcoming RDE (Real Driving Emissions) norms. 6-airbags will become mandatory from October 2023, which will be another major cost component.

Even though supply chain issues have eased in comparison to earlier times, the residual impact of inflation continues to increase commodity prices. Carmakers do try to absorb the impact of high commodity prices, so as not to disturb the sales momentum. However, some of the cost burden is eventually passed on to end users.

Maruti, Tata, Kia price hike

Maruti has announced that prices will be increased across the range from January 2023. Price hike will vary based on the specific model. In its official note, Maruti has talked about rise in commodity prices and stricter regulatory requirements. These factors have forced the company to increase prices in January 2023. Maruti’s bestsellers include Alto, Alto K10, Ignis, WagonR, Celerio, S-Presso, Swift, Eeco, Dzire, Brezza, Ciaz, Ertiga, XL6 and Grand Vitara.

Tata price hike in January will be applicable on both ICE cars and EVs. The company has pointed out high commodity prices, as one of the key reasons for the price hike. Tata has also talked about the cost of complying with upcoming RDE norms. In case of EVs like Nexon EV, Tiago and Tigor EV, the cost impact is primarily due to increase in battery prices. As the world is making the shift to electric, battery prices will continue to move north until an equilibrium between demand and supply is achieved.

new cars price increase jan 2023 – maruti, tata, kia, citroen, jeep, audi, merc

Kia Sonet

Kia India has stated that it will be increasing prices by Rs 50,000 from January 2023. According to Kia, primary reasons for the price hike include increased commodity prices and rise in transportation costs. Price hike will be applicable for all Kia cars booked after December 31. Kia is currently the fifth largest carmaker in India. It has a healthy portfolio with popular options such as Sonet, Seltos and Carens. It also offers Carnival and EV6.

Renault, Citroen, Jeep price hike

All three carmakers have linked the upcoming price hike primarily to a rise in input costs. Renault’s India portfolio comprises Kwid, Kiger and Triber. In case of Jeep, prices will be increased in the range of 2 to 4 percent. Jeep India portfolio has Compass, Wrangler, Meridian and newly launched Grand Cherokee.

Citroen has C3 and C5, which will witness a price hike in the range of 1.5 to 2 percent. Next product from Citroen is expected to be the electric version of C3 that has been spotted on road tests. Launch is likely to take place at 2023 Auto Expo. It will primarily rival Tata Tiago EV and upcoming MG Air EV.

Audi, Mercedes-Benz price hike

Audi has attributed the price hike primarily to rise in input and operational costs. The German carmaker will be increasing prices across the range by up to 1.7%. Audi’s India portfolio comprises A4, A6, A8 L, Q3, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback, RSQ8, e-tron, e-tron Sportback and e-tron GT.

Mercedes-Benz will be increasing prices across the range by 5%. Reasons are the same as other carmakers have stated. Mercedes-Benz India portfolio has A-Class, A-Class hatchback, C-Class, E-Class, S-Class, EQB, EQC, EQS, GLA, GLB, GLC, GLC Coupe, GLE, GLE Coupe and GLS, G-Class. There are two Maybach models – GLS and S-Class.

Keyword: New Cars Price Increase Jan 2023 – Maruti, Tata, Kia, Citroen, Jeep, Audi, Merc

CAR'S NEWS RELATED

Kia Sonet Vs Hyundai Creta Price, Engine Specs & Dimensions Comparison

Kia Sonet Vs Hyundai Creta Price, Engine Specs & Dimensions Comparison In this Kia Sonet vs Hyundai Creta comparison, we’ll look at the variant-wise prices, engine specs, dimensions and features to help you decide which car you should buy. Kia Sonet Vs Hyundai Creta Price Comparison Let’s first look at ...

View more: Kia Sonet Vs Hyundai Creta Price, Engine Specs & Dimensions Comparison

Audi announces price hike of 2% from January 1, 2024

Audi sold 5,530 units during the first 9-months of this year, registering a growth of 88%. Audi India is set to increase the prices of its models come the new year. The carmaker has announced that prices will be hiked by up to 2% from January 1, 2024. According ...

View more: Audi announces price hike of 2% from January 1, 2024

Kia Sonet Vs Toyota Urban Cruiser Hyryder Price, Engine Specs & Dimensions Comparison

Kia Sonet Vs Toyota Urban Cruiser Hyryder Price, Engine Specs & Dimensions Comparison In this Kia Sonet vs Toyota Urban Cruiser Hyryder comparison, we’ll look at the variant-wise prices, engine specs, dimensions and features to help you decide which car you should buy.In this Kia Sonet vs Toyota Urban Cruiser ...

View more: Kia Sonet Vs Toyota Urban Cruiser Hyryder Price, Engine Specs & Dimensions Comparison

2024 Kia EV6: Price And EPA Range Overview

The lineup has expanded with a focus on affordability.

View more: 2024 Kia EV6: Price And EPA Range Overview

Maruti Arena Ertiga Vs Kia Sonet Price, Engine Specs, Dimensions Comparison

Maruti Arena Ertiga Vs Kia Sonet Price, Engine Specs, Dimensions Comparison In this Maruti Arena Ertiga vs Kia Sonet comparison, we’ll look at the variant-wise prices, engine specs, dimensions to help you decide which car you should buy. Maruti Arena Ertiga Vs Kia Sonet Price Comparison Let’s first look at ...

View more: Maruti Arena Ertiga Vs Kia Sonet Price, Engine Specs, Dimensions Comparison

Next-gen Ford Mustang – The competitors at R1.5 million

High-performance rivals BMW M440i xDrive Coupe Toyota GR Supra 3.0T Auto Audi RS5 Coupe Quattro Mercedes-AMG C43 Lexus RC F Porsche 718 Cayman GTS 4.0 The seventh-generation Ford Mustang GT will touch down in South Africa in early 2024, with the flagship Dark Horse version hot on its heels in ...

View more: Next-gen Ford Mustang – The competitors at R1.5 million

ABT’s XGT Is a Road-Legal Audi R8 LMS GT2 Race car

Image: ABT Image: ABT Image: ABT Image: ABT Image: ABT NewsBy: Ryan De Villiers ABT’s XGT is a road-legal reimagining of an Audi R8 LMS GT2 race car that doesn’t sacrifice any of the GT car’s qualities of the car it’s founded on. Image: ABT “It was the challenge ...

View more: ABT’s XGT Is a Road-Legal Audi R8 LMS GT2 Race car

This Is How We Think The New Audi Q3 Will Look

Our exclusive renderings depict the final combustion-powered Q3 in history.

View more: This Is How We Think The New Audi Q3 Will Look

Kia EV9 gets a special financing rate as low as 3.25%, new rebate

Jeep Wrangler 4xe Plug-In Hybrid Recalled Due To Battery Fire Risk

This Wild Audi R8 GT2 Is A $652,000 Race Car For The Road

What’s the correct tyre pressure for your Audi A3

Audi Elevates A4 and S4 Sedan Appeal With Black Edition Offshoot

The Audi TT Is Dead. This Is The Last Car Built

Jeep Compass: A tale of never ending electronic issues

Jeep Meridian Safety Rating

New Audi cars and SUVs coming to South Africa in 2024

Limited-edition Audi A4 Black Edition for South Africa – Only 100 up for grabs

Kia Carens Turbo DCT Automatic Mileage Test using Tank-to-tank Method w/ Drive Impressions | Nov 2023

Rev Up Your Dreams: BAuto's Exclusive Pre-Owned Carnival – Luxury, Sportiness, and Unbeatable Deals Awaits You!

OTHER CAR NEWS

; Top List in the World https://www.pinterest.com/newstopcar/pins/
Top Best Sushi Restaurants in SeoulTop Best Caribbean HoneymoonsTop Most Beautiful Islands in PeruTop Best Outdoor Grill BrandsTop Best Global Seafood RestaurantsTop Foods to Boost Your Immune SystemTop Best Foods to Fight HemorrhoidsTop Foods That Pack More Potassium Than a BananaTop Best Healthy Foods to Gain Weight FastTop Best Cosmetic Brands in the U.STop Best Destinations for Food Lovers in EuropeTop Best Foods High in Vitamin ATop Best Foods to Lower Your Blood SugarTop Best Things to Do in LouisianaTop Best Cities to Visit in New YorkTop Best Makeup Addresses In PennsylvaniaTop Reasons to Visit NorwayTop Most Beautiful Islands In The WorldTop Best Law Universities in the WorldTop Richest Sportsmen In The WorldTop Biggest Aquariums In The WorldTop Best Peruvian Restaurants In MiamiTop Best Road Trips From MiamiTop Best Places to Visit in MarylandTop Best Places to Visit in North CarolinaTop Best Electric Cars For KidsTop Best Swedish Brands in The USTop Best Skincare Brands in AmericaTop Best American Lipstick BrandsTop Michelin-starred Restaurants in MiamiTop Best Secluded Getaways From MiamiTop Best Things To Do On A Rainy Day In MiamiTop Most Instagrammable Places In MiamiTop Interesting Facts about FlorenceTop Facts About The First Roman Emperor - AugustusTop Best Japanese FoodsTop Most Beautiful Historical Sites in IsraelTop Best Places To Visit In Holy SeeTop Best Hawaiian IslandsTop Reasons to Visit PortugalTop Best Hotels In L.A. With Free Wi-FiTop Best Scenic Drives in MiamiTop Best Vegan Restaurants in BerlinTop Most Interesting Attractions In WalesTop Health Benefits of a Vegan DietTop Best Thai Restaurant in Las VegasTop Most Beautiful Forests in SwitzerlandTop Best Global Universities in GermanyTop Most Beautiful Lakes in GuyanaTop Best Things To Do in IdahoTop Things to Know Before Traveling to North MacedoniaTop Best German Sunglasses BrandsTop Highest Mountains In FranceTop Biggest Hydroelectric Plants in AmericaTop Best Spa Hotels in NYCTop The World's Scariest BridgeTop Largest Hotels In AmericaTop Most Famous Festivals in JordanTop Best European Restaurants in MunichTop Best Japanese Hiking Boot BrandsTop Best Universities in PolandTop Best Tips for Surfing the Web Safely and AnonymouslyTop Most Valuable Football Clubs in EuropeTop Highest Mountains In ColombiaTop Real-Life Characters of Texas RisingTop Best Beaches in GuatelamaTop Things About DR Congo You Should KnowTop Best Korean Reality & Variety ShowsTop Best RockstarsTop Most Beautiful Waterfalls in GermanyTop Best Fountain Pen Ink BrandsTop Best European Restaurants in ChicagoTop Best Fighter Jets in the WorldTop Best Three-Wheel MotorcyclesTop Most Beautiful Lakes in ManitobaTop Best Dive Sites in VenezuelaTop Best Websites For Art StudentsTop Best Japanese Instant Noodle BrandsTop Best Comedy Manhwa (Webtoons)Top Best Japanese Sunglasses BrandsTop Most Expensive Air Jordan SneakersTop Health Benefits of CucumberTop Famous Universities in SwedenTop Most Popular Films Starring Jo Jung-sukTop Interesting Facts about CougarsTop Best Hospitals for Hip Replacement in the USATop Most Expensive DefendersTop Health Benefits of GooseberriesTop Health Benefits of ParsnipsTop Best Foods and Drinks in LondonTop Health Benefits of Rosehip TeaTop Best Air Fryers for Low-fat CookingTop Most Asked Teacher Interview Questions with AnswersTop Best Shopping Malls in ZurichTop The Most Beautiful Botanical Gardens In L.A.Top Best Mexican Restaurants in Miami for Carb-loading rightTop Best Energy Companies in GermanyTop Best Garage HeatersTop Largest Banks in IrelandTop Leading Provider - Audit and Assurance In The USTop Best Jewelry Brands in IndiaTop Prettiest Streets in the UKTop Best Lakes to Visit in TunisiaTop Highest Mountains in Israel