The beginning of the new year has brought a shock for people dreaming of buying a car. From January 1, 2026, many big automobile companies of the country have increased the prices of their vehicles, due to which buying a car has now become more expensive than before. The special thing is that this increase is not limited to the luxury segment only, but entry-level and mid-segment cars have also been affected. Amid rising costs and global pressure, companies have taken this decision, which is going to have a direct impact on the pockets of customers.
These 7 big auto companies increased prices
- First of all, let’s talk about Mercedes-Benz India, which has increased the prices of many of its models including C-Class, E-Class, GLC and GLE by up to 2%.
- BMW has also announced to increase the prices of vehicles included in its portfolio like 3 Series, X1, X3 and 5 Series by about 2%.
- BYD, which is rapidly gaining ground in the electric vehicle segment, has also confirmed to increase prices from January 2026. Atto 3 and Seal models will be affected, although the company has not yet disclosed the exact percentage of increase.
- MG Motor, which has a strong presence in the mid-segment, has increased the prices of cars like Hector, Astor, Comet EV and ZS EV by up to 2%.
- Nissan, popular in the budget segment, has decided to increase the prices of its models including Magnite by 3%.
- Renault has also increased the prices of Kwid, Triber and Kiger by up to 2%.
- The country’s largest car manufacturer Hyundai has increased the prices of vehicles like Creta, Venue, Verna and i20 by about 0.6%.
- Honda has also confirmed price changes for the City and Amaze from January 2026, although the percentage has not been disclosed.
Why are car prices increasing?
Auto companies say that rising prices of raw materials, increase in logistics and transportation costs and fluctuations in foreign exchange have significantly increased the production cost. Companies claimed that they had been trying to absorb these costs for a long time, but now it has become mandatory to pass on some of the burden to customers.
What will be the impact on buyers?
Due to these increased prices, many customers may now postpone their purchasing decision or turn to cheaper options. Experts believe that there may be a slight impact on demand in the initial months, but the market may pick up pace again during the festive season.
Latest Business News