Car Prices Soar: Hyundai, Mercedes, MG Lead January Hikes

• Hyundai Motor India announced a price hike of approximately 0.6% across its model range, effective January 1, 2026, due to rising input costs.
• This increase affects Hyundai's entire lineup, including EVs like Creta Electric and Ioniq 5, and ICE models such as Creta, Verna, and Grand i10 Nios.
• Other major manufacturers like JSW MG Motor, Honda, Nissan, and Renault also confirmed price increases from January.
• Luxury car brands Mercedes-Benz and BMW have also announced price adjustments, with Mercedes-Benz raising prices by 2%.
• Nissan Motor will increase prices by up to 3%, JSW MG Motor by 2%, and Renault India by up to 2%.

Why It Matters: Multiple car manufacturers, including Hyundai, are raising prices from January 1, 2026, citing increased input costs.