Car Price Hike 2026: Cars become expensive in the new year, prices increased from January, know which companies are included

Car prices increased in January 2026: The beginning of the new year 2026 has brought a shock for car buyers. If you are planning to buy a new car, now you may have to spend more money than before. In fact, many automobile companies had announced to increase the prices of vehicles from January 1, 2026, citing rising raw material prices, expensive logistics expenses and global macroeconomic pressures. This is going to have a direct impact on the pockets of common customers.

Why are car prices increasing?

According to sources related to the auto industry, the cost of steel, aluminum and other precious metals is continuously increasing. Apart from this, transportation cost, supply chain expenses and currency fluctuations have also increased the costs of companies. Although at present only a few manufacturers have officially announced the price increase, more companies are expected to do so in the coming days. This increase will affect everything from entry-level cars to SUVs and luxury segments.

MG Motor cars become expensive

According to the report of Economic Times Auto, JSW MG Motor India has increased the prices of all its models by up to 2 percent from January 1, 2026. The company says that in the current difficult economic situation, this decision had become necessary due to the increasing costs of manufacturing and supply chain.

Hyundai also increased prices

Hyundai Motor India Limited (HMIL) has also announced an average increase of about 0.6 percent in the prices of its entire model range from the new year. The company said that it tried to optimize costs and increase operational efficiency to minimize the impact on customers, but due to the continuous increase in input costs, it became necessary to increase the marginal price.

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Increase in prices of Nissan and Renault

Nissan Motor India has confirmed a price increase of up to 3 percent for all its cars from January 1, 2026. At the same time, Renault India has also announced an increase of up to 2 percent in the prices of all its models from January 2026 in view of the rising production costs and current economic pressures.

Growth in luxury car segment also

Mercedes-Benz India had already made it clear that from January 1, 2026, the prices of all its models will increase by 2 percent. According to the company, this step has been taken due to currency fluctuations, inflationary pressure, increasing input costs and transportation expenses. Overall, the dream of buying a car in 2026 has now become a little expensive. In such a situation, it will be very important to keep an eye on the prices and offers before buying a new car.