Kia India to hike prices by up to 3% starting April 1

Kia India on March 21 said that it will hike prices across its mass model portfolio, including Seltos, Sonet and Carens by up to 3 percent starting April 1.

“This decision is attributed to the escalation in commodity prices and supply chain-related inputs. It marks the first price adjustment by the company this year,” the carmaker said in a statement.

Commenting on the price adjustment, Hardeep Singh Brar, national head of sales and marketing at Kia India, said, “At Kia, we consistently strive to deliver premium and technologically advanced products to our esteemed customers. However, due to the continuous increase in commodity prices, adverse exchange rate and rising input cost, we are compelled to implement a partial price hike. The company is absorbing a significant portion of the increase, allowing customers to continue driving their favourite Kia cars without a major dent in their pockets".

The South Korean firm commenced mass production in 2019 in India and has an annual production capacity of around 300,000 units. It has launched five vehicles for the domestic market – Seltos, Carnival, Sonet, Carens, and EV6. The carmaker has completed over 1.16 million vehicle dispatches from its Anantapur plant in Andhra Pradesh.