Buying A Car In June? Be Ready To Pay More | Policy Decoder

Added: 2026-06-03

[00:00:00]If you were planning to bring home a new car this June, here's something you need to know.

[00:00:05]After Maruti Suzuki and Mahindra & Mahindra, now Hyundai Motor India has also announced a price hike across its cars. While petrol prices are already burning a hole in your pocket, and now buying a car is about to get more expensive, too. Let's decode this in today's episode of Policy Decoder.

[00:00:27]Hyundai says prices will go up by up to 12,800 rupees from June 1st. Just before this, Maruti Suzuki announced hikes of up to 30,000 rupees, while Mahindra said some of its SUVs will become costlier by nearly 2.5%. [music] But why is this happening all of a sudden? Companies say the cost of making cars has gone up from raw materials and logistics to overall operational expensive, [music] and this comes at a time when fuel prices are already rising rapidly because of the Iran war [music] and the spike in global crude oil prices. In fact, petrol and diesel prices have jumped up nearly 5 rupees per liter in just the last 10 days. So, whether it's driving your current car or buying a new one, Indian consumers are now paying more on both ends.