Kia India announces up to 2% price hike across lineup

Kia India has announced a price hike of up to 2% across its entire product lineup, effective from January 1, 2025. The increase is attributed to rising commodity prices, unfavorable exchange rates, and escalating supply chain costs.

Hardeep Singh Brar, Senior Vice President – Sales and Marketing, Kia India, stated, “At Kia, we are committed to delivering exceptional, technologically advanced vehicles of the highest quality to our valued customers. However, due to the persistent rise in commodity prices, unfavorable exchange rates, and increased input costs, a necessary price adjustment has become unavoidable. Despite these challenges, Kia is absorbing a significant portion of the cost increase to minimize the financial impact on our customers."

Kia India has recorded cumulative sales of 1.6 million units in domestic and international markets. Its popular models include the Seltos with over 670,000 units sold, the Sonet with 480,000 units, the Carens with 214,400 units, and the Carnival, which has crossed the 15,000-unit mark.

Notably, Maruti Suzuki India Limited (MSIL) also announced a price hike on December 6, 2024. MSIL’s increase will be up to 4% across its range, effective January 2025, with variations based on the model.

The automotive sector continues to grapple with rising input costs, prompting manufacturers to adjust prices while striving to balance affordability for customers.