Car buyers got some surprising news on April 1st. Many car companies decided to raise their prices at the start of the new financial year.
This includes companies like Kia Motors and Toyota Kirloskar. Their car models will now cost more from April 1st.
Even though the companies had already mentioned the price increase, it officially started today. If you’re planning to buy a car, be prepared to spend a bit more starting this month.
Kia Motors Models Becoming Pricier
Starting from today (April 1), Kia Motors’ car models will be more expensive. Kia Motors sells different models in India, such as Kia Seltos, Kia Sonet, and Kia Carens.
The company announced the price hike for all these cars, marking its first increase this year.
The price increase for all Kia Motors models will be up to 3 percent.
The company explained that this decision was made because of higher costs for materials and other expenses related to making the cars.
Toyota Kirloskar Also Raising Prices
In addition to Kia Motors, Toyota Kirloskar also announced a price increase for some of its models.
These new prices also take effect from April 1st. Due to higher production costs and operating expenses, Toyota Kirloskar decided to raise the prices of selected vehicles by one percent.
The company mentioned that it plans to increase prices for certain models starting April 1st.
TKM, as Toyota Kirloskar is often abbreviated, said the one percent increase is necessary due to higher production costs and operating expenses.
Toyota Kirloskar offers a range of vehicles from small cars like Glanza to premium SUVs like Fortuner. Their prices range from Rs 6.86 lakh to Rs 51.44 lakh.
Tata Motors Also Joining in the Price Increase
Moreover, Tata Motors announced that all its commercial vehicles will also become more expensive from April 1st.
The company stated that due to higher input costs, it’s raising the prices of all commercial vehicles by 2 percent.
