India, March 19 -- Passenger vehicles in India have been witnessing a rapid surge in prices over the last couple of months. Almost all the carmakers in the country announced price hikes for their respective passenger vehicles in January 2025. Some of them announced a consecutive price hike in the very next month, in February 2025. Now, again, some major car manufacturers have announced another price hike for their respective PVs in India.

Maruti Suzuki, Tata Motors, and Kia have already announced price hikes for their respective offerings in the country, which will be effective from the very beginning of the next financial year, April 2025. The carmakers have cited the price hike moves to the rising input costs, increased pricing of key ...