Car Prices Will Increase in January

• Renault to hike prices up to 2% in January due to rising input costs.
• Nissan to increase prices by up to 3% from January 1, 2026, across its range.
• Industry-wide price increases are expected in January 2026; book before to save.

Renault India on Friday said it will increase vehicle prices by up to 2 per cent from January, to offset the impact of rising input costs, reported PTI.

The French automaker sells three models -- Kwid, Triber and Kiger -- in the Indian market, according to PTI. "The price increase will vary across models and variants and has been necessitated by rising input costs and prevailing macroeconomic factors," the automaker said in a statement. Despite the revision, the company remains steadfast in its commitment to delivering high-quality products and services while ensuring a compelling value proposition for customers, it added.

Already, various brands like Mercedes-Benz, BMW, and Audi have announced hiking vehicle prices from next month, owing to weakening of the rupee against the euro.

Nissan car price hike

Nissan has also announced the increase in prices across its range by up to 3 per cent from January 1, 2026. Currently, the Magnite is the only offering from Nissan in India.

Earlier this year, Nissan slashed the prices of the Magnite by Rs 52,000 to Rs 1 lakh following a revision in the Goods and Services Tax (GST). Currently, the compact SUV is priced between Rs 5.62 lakh and Rs 10.76 lakh (ex-showroom). However, from January, prices are expected to rise by Rs 17,000-32,000, taking the range between Rs 5.79 lakh and Rs 11.08 lakh.

More companies may announce price hike

According to several media reports, more automakers could announce price hikes closer to year-end. While some brands are still assessing cost pressures, January price revisions remain common, with incremental increases expected rather than steep jumps, varying by segment.

GST rate cut

In a significant boost to India's automotive industry, in September 2025, the government’s GST rate rationalisation, prompted major car and two-wheeler manufacturers to slash prices across their portfolios. From mass-market leaders like Maruti Suzuki and Tata Motors to luxury brands such as Mercedes-Benz and BMW, companies passed on the tax benefits to customers, making vehicles more affordable.

What car buyers should know?

Car buyers planning a purchase in the coming months may want to complete bookings before January 2026 to avoid higher prices. On-road costs will also rise proportionately, as taxes and insurance are linked to ex-showroom prices. With several automakers already announcing hikes, January 2026 is likely to see another round of industry-wide price increases driven by sustained cost inflation. (With Agency Inputs)