Increasing the price of new and popular car brands has made headlines. Maybe it’s inflation or technological advancement; the price hikes are something to consider in 2025.
So if you are saving up for your first car this year, here are some things to consider:
Production and inflation costs
The making of cars is going up because of the raw materials. Steel, aluminium, and semiconductors have seen price hikes. Adding to it are wages. It is a big settlement that companies are doing to keep the balance.
- Advancement in technology
Cars of today have a lot of technological updates Whether it\'s AI-powered infotainment, advanced driver assistance, fast charging (in the case of EV), 5G connectivity, or IoT-enabled features, the production costs have increased.
- Regulatory compliances-
With the emission standards and safety regulations growing stricter, car makers are moving towards innovation. To meet the requirements like cleaner engines and safety techs, the price tags are becoming hefty.
- Global economic-
With the rise of global inflation and disturbed supply chains, the cost of raw materials has also increased. There are many factors that affect the rise, like currency fluctuations, economic uncertainty, changes in trade policies, and tariffs.
Here are the top 5 car brands that are increasing their price in 2025:
1. Toyota
The company is planning to hit up the 3% price on theToyota Innova Crysta and Toyota Fortuner. Although it’s not a game-changer move, it will make you wonder if you are already stretching your budget. If you still want to opt for a Toyota, look for a second-hand one.
2. BMW
Similar to Toyota, the luxury car enthusiast is also bringing a price bump of 3% in models like the X5 and 3 series. The reason for this hike is technologies like electric powertrains and safety features. But if you are looking for ultimate driving machines, the price is worth it.
3. Hyundai
In the list, add one more brand name: Hyundai. The company is planning to increase the price to up to ₹25,000 for models like Hyundai Creta, Hyundai Venue, and Hyundai Tucson. The reason behind this hike is input costs, updates, and technologies. Although the rise in Hyundai\'s price may make it expensive, the blend of reliability and innovation makes it a strong contender in the Indian automobile market.
4. MG Motors
Like its competitors, MG Motor also announced a hike of 3% on its models like Hector, Astor, and Gloster. The rise is due to an increase in production costs and upgraded features like AI-powered entertainment systems and safety standards. MG is also focused on EVs, which also became a prominent reason for the hike. If you are planning to switch to an MG EV, consider the price hikes.
5. Tata Motors
An increase in affordable cars like Nexon, Punch, and Tiago and also SUVs like the Harrier and Safari of 3% is reflected because of its inputs and advanced features like ADAS and EV. Although the hike can make the budget-conscious think twice, the features and tech justify it.
Conclusion
The cars automobile market highlights the trend of how brands are increasing their costs. So if you are navigating and planning your budget to buy a new one this 2025, be prepared.
No Comments