New Year is round the corner, buying your dream car could soon become a costly affair as major carmakers have announced a price hike in passenger vehicles from January 2018.

Toyota Kirloskar Motor, the maker of SUVs like Innova and Fortuner, had earlier said that it is mulling to increase prices of its models by up to 3 per cent from January, to counter the affect of rising manufacturing costs.  

Tata Motors. Tata Motors today said it will increase prices of its passenger vehicles by up to Rs. 25,000 from January to offset the impact of rising input costs.

Honda Cars India has also said it will increase prices of its models. They are planning hike prices across our models ranging between 1-2 percent from January,

Skoda Auto India had earlier announced a price hike of 2-3 percent on all its models.

Isuzu Motors India had also said it will increase prices of its models.

D-Max (Regular Cab - Commercial Vehicle) will be costlier by around Rs 15,000 on the Rs 1 lakh on the premium SUV mu-X.

Auto dealers are offering discounts and other offers, in the range of Rs 25,000 and Rs 8.85 lakh, on certain vehicles from the market leader Maruti Suzuki to luxury carmaker Audi, and everything in between. I guess it is the best time to own your dream car!