Cars will become expensive in 2024.Image Credit source: DALL.E AI/Mohd Jishan/TV9
Many cars will become expensive in India from 2024. The main reason for this is increasing costs. The prices of raw materials used to make cars, such as steel, aluminum and electronics, are increasing. Apart from this, wages are also increasing. Due to all these reasons, the cost of making cars is increasing and hence car companies have to increase their prices. If you are going to buy a new car then buy it in December only. If you wait for the New Year, your pocket will be burdened.
Many car companies in India have already announced to increase their prices. These include auto companies like Maruti Suzuki, Tata Motors, Honda, Hyundai, MG Motor. These companies have said that they will increase the prices of all their cars from January 2024. Due to this in India new car It will become expensive to buy.
These cars will become expensive from 2024
If you want to avoid spending a lot of money on buying a car, then book it this year itself. Here is a list of some car companies, whose car prices will increase from January 2024.
Maruti Suzuki: Maruti Suzuki has announced the price increase citing rising costs. In the Indian market, the company sells Alto, Baleno, Brezza, Celerio, Ciaz, Dezire, Eeco, Ertiga, Grand Vitara, Ignis, S Presso, Swift, Wagon R, XL6, FrontX, Invicto and Jimny.
Tata Motors: Tata Motors will also increase the prices of cars from January 2024. The Indian auto company sells Altroz, Harrier, Nexon, Nexon EV, Punch, Safari, Tiago, Tiago EV, Tigor and Tigor EV.
Honda: Honda has announced to increase the prices of cars next year due to increase in production costs. The Japanese company currently sells only three cars – Honda City, Honda Amaze and Honda Elevate SUV.
Mahindra: According to reports, there have been indications from Mahindra also about increasing the prices of cars. Mahindra sells XUV300, XUV700, Bolero, Bolero Neo, Scorpio N, Scorpio Classic, Marazzo, Thar and XUV400 EV.
Hyundai: Hyundai is also preparing to increase the prices of cars from next year. From January 2024, you may have to pay more for popular cars like Hyundai Creta, Venue, Exeter.
MG Motor: MG Motor also says that it will increase the prices of cars from January 2024. The British auto company sells great cars like Comet EV, ZS EV, Hector, Astor and Gloster in India.