Cars set to get expensive from January as OEMs announce price hikes

Indian automakers are raising car prices from January, citing increased input costs and operational expenses. This annual price hike, ranging from 3% to 4%, affects various models, from entry-level to luxury vehicles. Companies like Maruti Suzuki, Hyundai, Mahindra, and Mercedes-Benz aim to offset rising commodity and logistics costs while maintaining profitability.