KEY HIGHLIGHTS
- Jeep and Citroen announce price hike from January 2025
- Price increase set at 2 percent across models
- Basalt SUV to cross 98 lakh ex-showroom price
- Jeep Compass base variant to get 935,000 hike
- Rising input costs cited as reason for price hike
The Stallantis Group automakers - Jeep and Citroen have joined Maruti Suzuki and other major carmakers to announce a price hike in India, applicable from the new year/1 January 2025. The Jeep's and Citroen's decision comes after almost every carmaker in India has announced a price hike including Mahindra, Kia, Tata, Maruti Suzuki, JSW MG Motor and Maruti Suzuki. The Stallentis Group automakers have announced price hikes for all products/cars in their lineup.
Jeep sells Compass, Wrangler, Grand Cherokee and Compass in India while Citroen has models such as Aircross, Basalt, C3 and C5 Aircross in its India portfolio. Check out the rest of the details below and make sure you join our 91Wheels WhatsApp Community to stay updated on the latest automotive news.
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Jeep, Citroen Price Hike Quantum
Both Jeep and Citroen will increase the price of their products/cars by 2 percent. None of the brands have detailed the model-wise price hike for the models. However, the automakers have mentioned that the price hike will vary from model to model and variant to variant. The announced price increment will apply to the current ex-showroom price tags of the models.
Basalt and Compass to Cost More
The two per cent price increase means that the Basalt SUV, currently priced at Rs. 7.99 lakh (ex-showroom) will cost more than 8 lakh (ex-showroom) once the price hike is implemented. On the other hand, Jeep's most affordable product, the Compass SUV's base model will get a price hike of more than Rs. 35,000.
Reason for Price Hike
Like other carmakers in India, the Stallentis Group automakers have also stated the increased input cost for the announced price hike. The companies have also mentioned that this step would help them to come up with new products and increase the viability of their business.
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Verdict
The price hikes by Jeep and Citroen reflect the ongoing trend among automakers, driven by rising input costs. While a 2% hike seems marginal, it impacts affordability, especially for budget-conscious buyers. Brands must balance such increases with value-added features or updates to justify costs and maintain competitiveness in a price-sensitive market like India.
