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Price Hike Alert: Cars From This Company Set To Surge In Cost From April 1, Recorded Sales Of 11.60 Lakh Units

As of now, Kia sells the Sonet, Seltos, and Carens as its three models in India. The rise in prices has occurred due to rising input costs and commodity prices. The brand is raising rates this year for the first time, but if analysts are to be believed, there's a good chance they'll raise costs once again in the coming months, which will directly affect customers' wallets.

Edited By : simran rajpal | Updated: Mar 22, 2024 11:51 IST
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A few years ago, car prices only went up once or twice a year, but things have changed since then. Kia India, which has sold almost 1.16 million vehicles to date, has declared that the cost of purchasing one of its vehicles will increase by 3%. In other words, it can be said that you won’t have to spend much if you purchase a corporate car before April 1 because your finances will suffer greatly after that date. The question now is: Why is Kia India planning to raise the cost of its cars?

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Why are the cars going to be expensive?

As of now, Kia sells the Sonet, Seltos, and Carens as its three models in India. The rise in prices has occurred due to rising input costs and commodity prices. The brand is raising rates this year for the first time, but if analysts are to be believed, there’s a good chance they’ll raise costs once again in the coming months, which will directly affect customers’ wallets. Since Kia cars aren’t so great, you should think about buying an SUV or MPV from a different manufacturer.

What did the Kia official say about the price hike?

National Head of Sales and Marketing at Kia India, Hardeep Singh Brar, stated: “At Kia, we are always working to provide our consumers with high-end, technologically advanced vehicles. However, we are compelled to raise the price of automobiles due to steadily rising input costs and commodity prices”.

According to Kia India, the company has sold 1.16 million cars in both domestic and international markets to far. 6,13,000 Seltos, 3,95,000 Sonet, and 1,59,000 Carens units were sold in this transaction.

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First published on: Mar 22, 2024 11:51 AM IST

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