If You Are Planning to Buy a New Car, Read This First!
Thinking of buying a new car? You might have to pay more than expected. Some of India’s biggest car brands, including Hyundai, Maruti Suzuki, and Tata Motors, are increasing their prices starting April 2025. The price hike is due to rising raw material costs, higher operational expenses, and inflation.
Let’s break it down so you know what to expect and how it might affect your decision to buy a car.
Why Are Car Prices Increasing?
Car prices are going up for several reasons:
- Raw Material Costs: Steel, aluminum, and other materials used in car production have become more expensive.
- Higher Operational Expenses: The cost of running factories, paying workers, and maintaining supply chains is rising.
- Inflation Impact: Like everything else, inflation is also affecting the automobile industry, making production more expensive.
- New Features & Safety Upgrades: Many car manufacturers are adding new safety and technology features, which add to the cost.
How Much Will Cars Cost Now?
Hyundai Motor India
- Price Hike: Up to 3%
- Models Affected: Entire lineup, including Creta, Venue, i20, Grand i10 Nios, and Exter
- Reason: Higher input costs and operational expenses
Maruti Suzuki
- Price Hike: Expected 2-3%
- Models Affected: Popular cars like Swift, Baleno, Brezza, Dzire, and WagonR
- Reason: Increased cost of production and transportation
Tata Motors
- Price Hike: Around 2.5%
- Models Affected: Entire lineup, including Nexon, Punch, Harrier, and Safari
- Reason: Rising material costs and the need for technology enhancements
Key Features and Specifications of Popular Cars
| Car Model | Engine Options | Mileage (km/l) | Key Features | Current Price (Ex-Showroom, Delhi) |
|---|---|---|---|---|
| Hyundai Creta | 1.5L Petrol, 1.5L Diesel | 17-21 | Panoramic Sunroof, 10.25-inch touchscreen, ADAS | ₹11-20 lakh |
| Maruti Baleno | 1.2L Petrol | 22-24 | Heads-up Display, 360-degree camera, 6 airbags | ₹7-10 lakh |
| Tata Nexon | 1.2L Petrol, 1.5L Diesel | 18-24 | Connected car tech, ventilated seats, digital cockpit | ₹9-15 lakh |
| Hyundai i20 | 1.2L Petrol, 1.0L Turbo | 19-21 | Bose Sound System, Sunroof, 6 Airbags | ₹7-12 lakh |
| Tata Punch | 1.2L Petrol | 18-20 | 5-star safety rating, iRA connected tech, touchscreen | ₹6-10 lakh |
How Will This Affect Car Buyers?
If You Are Planning to Buy a New Car:
- Buy Before the Price Hike: If you are serious about buying a car, consider making the purchase before April 2025.
- Compare Your Options: Check if a rival brand is offering better features at a lower price.
- Look for Discounts: Sometimes, car dealerships provide end-of-financial-year discounts. Try negotiating for the best deal.
If You Already Own a Car:
- Your Car’s Resale Value Might Increase: With new car prices going up, second-hand car values may also rise.
- Upgrade Wisely: If you were thinking of upgrading, now might be the right time before prices increase further.
Frequently Asked Questions (FAQs)
1. Why are car companies increasing prices?
Car manufacturers are facing higher raw material and operational costs. Inflation and new safety/tech features also contribute to the price hike.
2. When will the price increase take effect?
The price hike will be effective from April 2025.
3. Will all Hyundai, Maruti, and Tata cars become expensive?
Yes, most models will see a price hike, but the percentage increase may vary based on the model and variant.
4. Can I still buy a car at the old price?
Yes, if you buy before April 2025, you can avoid the price hike.
5. Will electric vehicles (EVs) also get expensive?
Yes, even EVs from Tata and Hyundai may see price increases due to rising battery costs and production expenses.
Final Thoughts – Should You Buy Now or Wait?
If you are planning to buy a new car, this price hike is something to consider. Buying before April 2025 might save you a significant amount. If you are waiting for new models or upcoming technology, you may have to pay a higher price.
Keep an eye out for discounts, year-end offers, and special finance deals to make the best decision for your budget.
So, are you buying a new car before the price increase, or will you wait? Let us know your thoughts!