Will Car Prices Drop In 2024 In India. Hyundai has confirmed that it will increase the prices of its cars from january 2024 due to rising input costs, adverse exchange rates, and increasing commodity prices. Citing reasons like inflation and rising input and commodity costs, several indian automakers will hike prices for their vehicles effective january 2024.

By 2024, prices of electric vehicles will be same as petrol, diesel cars union road transport and highways minister nitin gadkari has said that india is only one ev. India’s biggest automakers such as maruti suzuki and tata motors have announced a plan to increase prices of their vehicles from january 2024.