Kia India has announced a price increase of up to 2% for all of its products effective from January 1, 2025, onwards; due to rising input costs, such as supply chain costs and commodity prices.
Senior Vice President of Sales and Marketing at Kia India, Hardeep Singh Brar, gave an explanation for the adjustment, saying that the firm is changing the prices as a result of rising commodity prices, unfavourable exchange rates, and increased operating expenses. He also added that the company is bearing some of the expense to lessen the impact on customers.
With exports included, Kia has sold 1.6 million units overall since joining the Indian market. With over 670,000 units sold, the Seltos has become the company’s best-selling model. The Sonet comes in second with over 480,000 units sold. The Carnival has provided more than 15,000 units, and the Carens have supplied 214,400 units.
Additionally, brands like Tata Motors, Ducati India and BMW India have also announced hikes in the prices of their vehicles. Tata Motors declared yesterday that it will raise the prices of all of its passenger cars, including EVs, by up to 3%. It will come into effect effect from January 2025. The reason for the hike is intended to partially offset inflation and rising input prices.
Then Ducati India revealed that several of their motorcycle models will see price increases that go into effect on January 1, 2025. BMW India also recently declared that all of its models would see price increases of up to 3% starting from January 1, 2025. The choice was a component of the business’s plan to control growing expenses and uphold standards of superior quality.
also read: Is this the all-new 2025 Kia Seltos SUV spotted testing?