Kia, a Korean automaker, has declared that it will raise the cost of its vehicles starting on April 1, 2024. Every mass-market model will be impacted by the price increase, with the Seltos, Sonet, and Carens seeing price increases of up to 3% starting next month. This is the first price increase for Kia models in 2024; the last price increase for Kia automobiles was announced in October 2023.

What Caused The Price Increase?

According to Kia, supply chain-related inputs, increased input costs, and commodity price increases are the reasons behind the company’s pricing increases for its vehicles.

“At Kia, we consistently strive to deliver premium and technologically advanced products to our esteemed customers,” stated Mr. Hardeep Singh Brar, National Head – of Sales and Marketing, Kia India, in response to this move. Nonetheless, we are forced to enact a partial price hike as a result of the ongoing rise in commodity prices, the unfavorable exchange rate, and growing input costs. Customers may keep driving their favorite Kia vehicles without suffering severe financial hardship because the firm is taking up a sizable amount of the increase.

Price Range For Current Kia Vehicles

In India, Kia presently sells four cars, one of which is an EV called the Kia EV6. All models will be affected by the price increase, except the EV6, which is not a mass-market vehicle. Furthermore, the Kia Sonet’s promotional prices will expire in April 2024 due to a midlife upgrade that was received in January 2024.

Kia’s Future Plans

Kia is preparing to release a new generation of the Kia Carnival in India, as well as its flagship electric SUV, the Kia EV9. For additional information about forthcoming Kia vehicles in India, click this site.

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