Stellantis India To Hike Vehicle Prices To Beat Escalating Input Costs
This price increase will result in an increment ranging from Rs 4,000 to Rs 17,000 across the models.
Automaker Stellantis India on Tuesday said it will hike prices across all models of the Citroen brand and for the Compass and Meridian models under the Jeep brand by 0.5% from April 30, 2024, citing escalating input costs and operational expenses. This price increase will result in an increment ranging from Rs 4,000 to Rs 17,000 across the models, the company said in a statement.
'The decision to increase prices comes in response to escalating input costs and operational expenses. The modest price adjustment reflects the current economic realities and enables the company to continue delivering innovative vehicles to its valued customers,' it added.
Under the Citroen brand, the company sells a range of vehicles, including compact car C3, SUVs C3 Aircross and C5 Aircross and electric car E-C3 priced from Rs 6.16 lakh to Rs 37.67 lakh, as per the company's website.
On the other hand, Jeep Compass is priced between Rs 20.69 lakh and Rs 26.19 lakh, while Jeep Meridian is tagged between Rs 33.6 lakh and Rs 36.97 (all-prices ex-showroom).