Cars are going to get expensive in the new year. Yes, both Stellantis and Skoda are increasing the prices of their cars from January 2024. Stellantis, which makes Jeep and Citroen, will increase the prices of its cars by 2 percent. At the same time, Skoda is going to increase the prices of its cars by 3 percent. Both companies have cited rising prices of raw materials and other expenses as the reason for this.
Jeep and Citroen cars will become expensive.
Let us tell you that Stellantis sells cars of Indian, Jeep, and Citroen brands. The company has said that it has become necessary to increase the prices due to the rising cost of raw materials and other business costs. Stellantis India MD and CEO Shailesh Hajela says that due to the increase in the cost of raw materials and exchange rates, it was necessary to revise the price, but we still stand by our commitment to focus on giving our customers reasonable prices, high quality, and a great experience.
Skoda Coilaq prices will not increase.
Skoda has also announced it will increase the prices of its cars. The prices of vehicles like the Kushak, Slavia, and Kodiaq will increase by up to 3 percent. However, the price of the recently launched Kalyak will not increase now. Skoda has also cited the increase in raw materials and operating costs as the reason for increasing the prices. The company says that it was necessary to increase the prices to provide good vehicles and excellent service to the customers.
New year, new prices
Let us tell you here that most companies increase the prices of their cars in the new year. Earlier, almost all the companies announced they would increase the prices of their cars from January 1. It is clear that the new year will bring new prices along with new vehicles. The rising prices of raw materials will now directly affect the pockets of the customers. Stellantis’ 2 percent increase will be applicable on popular vehicles like the Jeep Compass and Citroen C3. At the same time, Skoda’s 3 percent increase will increase the price of popular cars like Kushak and Slavia.