The starting price of the Jeep Compass Meridian is now Rs 21.73 lakh, and the starting price of the Jeep Meridian is now Rs 33.40 lakh.
Moreover, The price hike will make both SUVs more expensive for consumers. The Compass will see a price increase of up to Rs 43,000, while the Meridian will see a price increase of up to Rs 3.14 lakh. The exact price increase will vary depending on the variant.
Basically, Jeep India has attributed the price hikes to rising input costs, including the cost of steel, aluminum and other raw materials. The company has said that it is working to absorb some of the cost increases, but that it has been forced to pass some of the costs on to consumers.
The price hikes are likely to impact demand for the Compass and also Meridian SUVs. However, Jeep India is confident that the SUVs will continue to be popular with Indian buyers.
Eventually, Jeep is working on new Compass and Meridian variants to stay competitive.