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Last updated on: January 21, 2011 19:35 IST
Cars have just got dearer with major automobile firms, including Maruti Suzuki India, Hyundai and General Motors, increasing prices this month in order to offset rising input costs.
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Last updated on: January 21, 2011 19:35 IST
Maruti Suzuki India (MSI), the country's largest carmaker said it has increased prices by up to Rs 8,000 across models, except its newly launched compact car Alto K10.
"Yes, we did increase the prices from January 17, ranging between 0.5 per cent and 2.2 per cent," Maruti Suzuki India Managing Executive Officer (Marketing and Sales) Mayank Pareek told PTI.
Except the new hatchback Alto-K10, the hike will translate into an increase of prices between Rs 1,000 and Rs 8,000 across different models made by the company.
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Last updated on: January 21, 2011 19:35 IST
Similarly, an official of rival Hyundai Motor India Ltd (HMIL) said it has hiked prices by 1.5 per cent from this month for its models, Santro, i10, i20 and sedan Verna.
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Last updated on: January 21, 2011 19:35 IST
General Motors India also said it has revised the prices upwards since the first week of this month ranging between 1 per cent and 1.5 per cent.
"This would translate to an increase of price ranging between Rs 2,500 and Rs 15,000 across all models," General Motors India Vice-President P Balendran said.
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Last updated on: January 21, 2011 19:35 IST
Comments from Toyota Kirloskar Motors and Mahindra & Mahindra could not be obtained on whether they have hiked prices as well.
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Last updated on: January 21, 2011 19:35 IST
On the New Year day, Tata Motors hiked the prices of some its passenger vehicles and all of its commercial vehicles by up to Rs 30,000.
While the company increased prices of passenger cars between Rs 3,000 and Rs 15,000, for the commercial vehicles the hike ranged between Rs 1,500 and Rs 30,000.
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Last updated on: January 21, 2011 19:35 IST
Almost all the automobile companies had in December said that they would raise prices in January. They had cited rising input costs as reasons for such a move.
"The price of natural rubber, which used to be Rs 100 per kg, has gone up to Rs 200 per kg. Copper price has increased by 12-15 per cent and steel has also seen a similar increase," Pareek had said then.
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