As is the tradition, almost all the car manufacturers in India announce price hikes for their models at the start of the year. This year is no different. The country’s largest car manufacturer, Maruti Suzuki, has announced that it will increase the prices of its products across the board. However, the exact increase in the costs will be announced in January 2021. It will also depend on the models and variants in question.
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Similarly, Hyundai products will start costing the buyers more post-December 2020. Again, the exact percentage of the hike will be announced in January itself. The reason for these regular hikes at the beginning of every year is the growing cost of raw material. So the car manufacturers adjust and update the prices accordingly.
The new player in the game, Kia Motors has also decided to increase the prices of its Seltos and Sonet SUVs. With the kind of success Kia has enjoyed with Seltos and…