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Vehicle Prices Soar: Skoda, Tata Hike Rates October 1; Maruti, Hyundai, BMW See Multiple Increases
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CNBC TV18•01-10-2026, 14:36
Vehicle Prices Soar: Skoda, Tata Hike Rates October 1; Maruti, Hyundai, BMW See Multiple Increases
- •Skoda Auto India and Tata Motors announced price increases effective October 1, adding to a series of hikes across the automotive industry in 2026.
- •Skoda's price increase is capped at 1.2% or ₹20,000, whichever is lower, impacting buyers booking vehicles from October 1.
- •Tata Motors raised commercial vehicle prices by up to 1%, having already increased passenger vehicle prices three times earlier in 2026.
- •Maruti Suzuki, Hyundai, Tata Motors (passenger vehicles), and BMW have each implemented three price hikes this year, while Mahindra, MG Motor, and Mercedes-Benz have announced two.
- •BMW's cumulative price increase across its three hikes in 2026 is approximately 4-5%, significantly impacting higher-priced models.
Key Questions Answered
Škoda Auto India raised its prices by up to 1.2%, with the increase capped at a maximum of ₹20,000.
Tata Motors increased prices for its commercial vehicles by up to 1% starting October 1.
Maruti Suzuki, Hyundai, and BMW have each announced three price increases throughout the year 2026.
