Car Prices Soar from Jan 2026: 9+ Companies Hike Rates Amid Rising Costs

• Car prices are set to increase from January 2026, making new vehicles more expensive for buyers.
• Over nine major automobile companies, including Hyundai, Tata Motors, Mercedes-Benz, and BMW, have confirmed price hikes.
• Increases will range from 0.6% to 3%, primarily driven by rising raw material costs and the weakening rupee.
• Luxury cars and the EV segment, heavily reliant on imports, will be significantly impacted by rupee depreciation.
• Companies like Tata Motors cite commodity price increases, stating hikes are necessary after holding prices for nine months.

Why It Matters: New cars will cost more from January 2026 as over nine companies raise prices due to rising costs.