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tata motors to increase passenger vehicle prices by up to three percent
Tata Motors will increase passenger vehicle prices by up to 3% starting January 2025, citing rising input costs and inflation. This price hike will vary by model and variant. Other automakers, including Maruti Suzuki, Hyundai, and luxury brands like Mercedes-Benz and Audi, are also raising prices next month.
carmakers to raise prices by up to four percent in january 2025
Luxury car manufacturers BMW India and Audi will increase prices by up to 3% starting January 1, 2025, due to rising input and transportation costs. Other automakers, including Maruti Suzuki, Hyundai, and Mahindra, are also implementing price hikes ranging from 1-4% across their model ranges to offset increased operational expenses.
Auto Stocks Decline Amid Concerns Over Weak November Sales Figures
Auto stocks declined on Monday, led by Hyundai Motor and Tata Motors, following a report of weak November retail sales. The Nifty Auto index fell 0.44%, with Hyundai shares down 1.2% and Tata Motors down 0.7%, amid concerns over a 13.7% drop in passenger vehicle registrations and a 6.1% decline in commercial vehicle sales. The broader market also faced losses, with the BSE Sensex down 275 points.
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