Car Price Rise For Indian Makers

By By: Vicky.in

Published: Wednesday, December 8, 2010, 13:17 [IST]

The car price rise in their platform vehicles has become the need of the hour for the car makers in India. Effective January 1st 2011, the strategy is to grab more sales in December. The prime companies in the listing of price rise are Maruti Suzuki, Hyundai Motor, General Motors, M&M, Toyota Kirloskar, Ford India. The maximum price of rise will be Rs25000 and the minimum starts at Rs4000.

Hyundai Motors said it has no other option than rising the price by 1.5 -2% to meet the rise in input costs of steel, rubber and other components. GM is increasing its price by 3% quoting the doubled rise in the price of rubber and copper. So far the company has been compensating the input costs by its efficiency in operation said an official.

The rise is 2-3% for Tata Motors and Maruti for the passenger vehicles while there wont be much hike for Nano and Aria from Tata. Toyota and Honda Siel are facing steep rise in components cost and the fluctuation in foreign exchange particularly US dollar and yen.

Article Published On: Wednesday, December 8, 2010, 12:48 [IST]

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