Kia recently updated its Syros compact SUV as part of efforts to strengthen its portfolio in the segment.Kia India will raise prices of its vehicles by up to 2 per cent from July 1, citing higher input costs and increased operating expenses, the automaker said on Thursday.
The price increase will vary across models and variants, the company said.
Kia joins several automakers in India that have announced price hikes in recent months as rising costs continue to pressure margins.
Kia India reported monthly sales of about 27,000–29,000 units in recent months, including 27,286 units in April and 29,112 units in March.
Kia recently updated its Syros compact SUV as part of efforts to strengthen its portfolio in the segment.
The South Korean brand has been expanding its portfolio in India with a mix of sport utility vehicles and electric models, as competition intensifies in the mass-premium segment.
