Kia India announces up to 2% price hike across lineup
10 Dec 2024, 04:44 PM
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Kia India has announced up to a 2% price hike across its entire lineup. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs.
Kia India has joined with other OEMs in announcing a price hike. This includes Tata Motors, JSW MG Motor, M&M, Maruti Suzuki, Hyundai India, Audi, BMW, Mercedes Benz India, and Nissan.
Hardeep Singh Brar, Senior Vice President—Sales and Marketing, Kia India, stated, “At Kia, we are committed to delivering exceptional, technologically advanced vehicles of the highest quality to our valued customers. However, due to the persistent rise in commodity prices, unfavorable exchange rates, and increased input costs, a necessary price adjustment has become unavoidable. Despite these challenges, Kia is absorbing a significant portion of the cost increase to minimize the financial impact on our customers.”
The automotive sector continues to grapple with rising input costs, prompting manufacturers to adjust prices while striving to balance affordability for customers.
Kia India November 2024 sales:
According to data from the FADA, Kia India recorded total sales of 18,502 units in November 2024. The automaker saw a decline of 2,286 units as compared to November 2023. There was a decline of 12.34 percent on a year-on-year basis.
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