The price increase will affect all Kia models.Kia India will increase prices across its entire vehicle lineup by up to 2% starting January 1, 2025. The price hike is attributed to rising commodity prices and increasing supply chain costs. Kia aims to minimise the impact on customers while addressing these economic challenges.
The price increase will take effect at the start of the new year. Kia India is a prominent player in the premium car market.
Other OEMs who have announced price hike
Kia India has joined with other OEMs in announcing a price hike. This includes Tata Motors, JSW MG Motor, M&M, Maruti Suzuki, Hyundai India, Audi, BMW, Mercedes Benz India, and Nissan. These companies have also cited increasing commodity and operational costs as the reason for the price adjustments.
Kia sales
The company has sold a combined total of 1.6 million vehicles in India and international markets. Kia's most popular model, the Seltos, has sold over 670,000 units.
Following closely behind the Seltos in sales is the Sonet with over 480,000 units sold. The Carens has reached over 214,400 units sold, and the Carnival has sold over 15,000 units.
“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, minimising the financial impact on our customers, so they can continue enjoying their favorite Kia vehicles without major dent on their pockets,” stated Hardeep Singh Brar, Sr. Vice President, – Sales and Marketing, Kia India.
He emphasised the company's commitment to quality and minimising the financial burden on customers. Brar cited rising commodity prices, unfavorable exchange rates, and increased input costs as the primary reasons for the price adjustment. He also highlighted Kia's efforts to absorb a significant portion of the increased costs. The price increase will affect all Kia models.
