Automobile manufacturers in India, since time immemorial, have been revising the prices of their products. However, in recent years, the price hikes have been exponential and steep at the same time!

The outcome is that, even if the average Indian musters up the courage and scrapes the money together to buy a new car, they will soon put that idea to bed!

So what can the average car buyer do amid the incessant price hikes?

The answer to the above question will be addressed but before that, let us figure out why Indian automakers are increasing the prices of their cars.

Why Indian Car Makers Are Increasing The Prices Of Their Cars?

After running a search query for new car details in any prominent Search Engine, it is apparent that the prices of all new cars available in India have touched new heights.

But why?

Well, the price hikes stemmed from the following reasons –

• Rising input costs.
• Rising operational expenses.
• To sustain the sector when nationwide consumer sentiment for car purchases is deteriorating.
• Weak rural demand for new commercial vehicles.
• Escalating prices of raw materials such as steel, aluminum, copper, lithium, nickel, cobalt, and plastics
• Supply chain disruptions.

How much of a price hike can one expect in the cars available in India?

If you run a simple Search Engine query to check car details you’ll be provided with the following details –

• Maruti Suzuki India is planning to increase the prices of its entire car line-up by 4%.
• Hyundai Motor India is planning to increase the prices of its cars offered here in India by at least INR. 25, 000 per model.
• Mahindra & Mahindra is planning to increase the prices of its Indian car line-up by 3%.
• MG Motor India has planned to increase the prices of its car line-up by 3%.
• Mercedes-Benz India will be increasing the prices of its car range by 3% - which translates to ₹2 lakhs for the GLC model and ₹9 lakhs for the Maybach S 680! Yikes!
• Audi India and BMW India have plans to increase the prices of their vehicles in India by 3%.
• Other brands like Honda India are yet to finalize the price hike they would implement on their Indian car range.

What can a car buyer do in this situation?

The simple solution to the predicament of buying a new car when there are only extremely overpriced cars available is to buy a used car. The used car market in India is flourishing.

One will have access to highly desirable cars and that too at affordable prices. Until the market cools down, in terms of new car prices, it would be best that one buy a used car.

However, before spending your hard-earned money on a lemon, ensure that the used car is being inspected by AutoHealth experts. AutoHealth offers detailed vehicle health reports and that too free of cost!