Shock for Car Lovers… Price Hike in Auto Sector

Kia India has announced a price hike of up to 2 percent across all its vehicles starting July 1. The company stated that the increase will vary based on the model and variant. Rising raw material costs, production expenses, and operational costs have been cited as the main reasons for the price revision.

Meanwhile, Tata Motors has also announced a price increase for its commercial vehicles. The company confirmed that from the first of next month, prices of its trucks, buses, and other commercial vehicles will go up by up to 2.5 percent due to increased input and manufacturing costs.