Cars to Get More Dearer This Year

By By: Vicky.in

Published: Monday, February 28, 2011, 17:58 [IST]

“Men may come and men may go, but I go on forever" thus goes a quotation. The Indian auto industry is witnessing so many changes in all round efforts and the cars segment is the one which has attracted many people. There has been increase of the prices of cars in recent times and there is a bad alarm of another rise next month. The expected range will be 2-3% making the cost higher by Rs10000 for B segment cars such as Hyundai i20, Maruti Swift, Honda Jazz.

The premium cars like Toyota Camry, Honda Accord, Skoda Superb will see their price go up by Rs 25000. According to the managing executive officer of Maruti for supply chain, the price rise for the cars has become inevitable amidst the pressure of hike for commodities like steel and rubber. He said the prices of these materials has reached an all time high and the suppliers are raising the price during the renewal of supply contract.

Only in January 2010 the car makers hiked their prices by 2-4% quoting the rise of components while Toyota and Hyundai are in the process of evaluating their pricing of products before implementing the revised rate next month.

Article Published On: Monday, February 28, 2011, 17:54 [IST]

Read more on: #automobile #automobile market #cars

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