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Automakers Announce Price Hike In May 2021

car price hike may 2021

April 2021 saw several carmakers increasing the prices of their cars. Now, the trend has continued in May 2021, with more automakers announcing price hikes. Read ahead to know about the latest car price hike details announced by several automakers.

Tata Motors Price Hike

Indian automaker Tata Motors has increased the prices across the range by 1.8 percent, effective from May 8, 2021. Apart from that, Tata Motors is the only carmaker to announce a price protection policy for the buyers. That means those who book their vehicle by May 7 will have to pay the price on the day of booking and not the revised price.

Renault Price Hike

French automaker Renault had increased the prices in April. Now the company has hiked the prices of the Kiger compact SUV. The Renault Kiger gets a price hike of up to Rs 30,000, depending on the variant. The base variants of the SUV does not get the price hike. The price increase is effective from May 1, 2021.

Toyota Price Hike

In April 2021, Toyota had increased the prices of the premium models such as the Innova Crysta, Fortuner and Camry Hybrid. In May 2021, the company hiked the prices of the Glanza premium hatchback and the Urban Cruiser compact SUV. Glanza is now dearer by up to Rs 34,000, depending on the variant. The Urban Cruiser gets a price hike of up to Rs 12,500, depending on the trim level.

MG Motor Price Hike

MG Motor India has already increased the prices of the Hector lineup. Now, the company has announced a price hike for the flagship Gloster SUV. The MG Gloster SUV is more expensive by around Rs 50,000-80,000, depending on the variant. The price of the entry-level trim remains unchanged.

Volvo Price Hike

Swedish automaker Volvo has announced a price hike of around Rs 1-2 lakh across the range, effective from May 2021. The price hike affects the models such as the S90 sedan and the SUV lineup, which includes XC40, XC60 and XC90. The recently launched S60 sedan does not get a price hike.

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