Cars to get Pricey with New Year?

[cooldhaya]

Well this is bad news!! As cc said the other 2 cars wont be affected much as they are the best in its class always and people wont mind spending that extra 20k to attain the best!!

 

[Zinam]

Already Honda Civic is having a big game after the price increase!

Now after this hike, its going to be really tough for the Japnese Car Maker!

 

[RSM]

This list has only some cars, but the increase will apply for all the cars.

 

[ilango[speed thirst]]

oh not again!

 

[350Z]

As RSM said, Price hike will be applicable for all the car models and mariginal difference on 10k-20k of Civic shouldn't affect much as its competitior's price will also rise. Apart from Euro-4 Norms, On the other hand, Seems like it would make a good deal to buy existing Emission models at sweeter price which carmakers will be keen to clear out. The affect can be already seen noticed on huge Rs. 60,000 Discount on Mahindra-Renault Logan.

Drive Safe,
350Z

 

[RSM]

Fiat to hike price of Linea & Grande Punto by 2-2.5 pc

Economictimes

Car-maker, Fiat, today said it will increase prices of two of its cars, the Linea and the Grande Punto, by 2-2.5 per cent owing to
increasing input costs.

The price increase will be effective from January 1 next year, the company said in a press release issued here.

Prices would go up by about Rs 15,000 on an average and upto Rs 25,000 for some of the versions, the company said, adding that the prices of the Fiat Palio Stile will remain unchanged.

"Input material costs have gone up substantially and without wanting to burden our consumers too much, the cars will now be available with a price increase of 2-2.5 per cent. The Linea and Grande Punto continue to be two of the most attractive propositions in their respective segments," Fiat, CEO and President, Rajeev Kapoor, said.

The company has sold more than 12,000 units of Linea since its launch in January this year and more than 9,000 units of Grande Punto since its launch in June, the company said.

 

[Zinam]

This is happening for decades!

The prices drop in year end & it shoots up in New year.

These guys try to make up their profits somehow :-)

 

[RSM]

Fiat website also says samething, so hike is confirmed -

On the back of the gala launches of the Linea and Grande Punto in 2009, Fiat has enjoyed a very successful year in the Indian market. Riding on the great looks and performance of the two cars coupled with the aggressive introductory pricing strategy that was employed Fiat managed to clock in very impressive numbers for the current year. The pricing strategy employed for the two Fiat cars was also instrumental in maximizing the impact of the launches and creating higher recall for Fiat in the minds of Indian consumers.

Source - Fiat India

 

[Akash]

I dont think a 2-2.5 pc hike in the price will dent Fiats sales drastically since they are already priced quite reasonably as compared to other cars in the segment. So a slight increase in price may cut down sales a bit but not very much since in past few months fiat has impressed a lot of people by its A.S.S.

 

[RSM]

Even all the manufactures are planning to hike the price. Fiat alone can't make the decision alone.

 

[350Z]

Come January and those of you were planning to get a new car may have to shell out more as a steep rise in input costs, primarily in copper Milestones for auto sector Most awaited car launches New Grande MK II Ford's Figo Chevrolet's new faces

and aluminium components, has forced the car-makers hiking prices in the New Year.

Car-maker, Ford India has on Wednesday said it will hike the prices of all its models to offset pressure from higher input costs and exchange rate fluctuations from January 1.

The company will raise prices between Rs 6,000-Rs 40,000 across its product range, the company said in a press release issued here.

Ford India is a wholly owned subsidiary of Ford Motor. The company makes Ikon, Fusion, Fiesta and sport-utility vehicle Endeavour at its factory near Chennai.

Earlier this month some leading automobile majors like Skoda India, Toyota Kirloskar Motor and Fiat announced that they will hike prices from January next year.

Czech car-maker Skoda India will raise prices of its popular brands, the hatch-back Fabia and sedans Octavia, Laura and Superb, from January by Rs 10,000-20,000 on all models.

Auto major, Toyota Kirloskar Motor will also up prices of three of its key models - Innova, Corolla Altis and Fortuner by up to 2 per cent from January 1.

Fiat will also increase prices of two of its cars, the Linea and the Grande Punto by 2-2.5 per cent owing to increasing input costs. The prices would go up by about Rs 15,000 on an average and upto Rs 25,000 for some of the versions, the company said.

Prices of base metal copper has risen more than 130 per cent this year and is on course to record its biggest annual increase in more than 30 years.

Aluminium rates jumped to USD2,165.25 a tonne, its highest level since October 2008. Price of silver, which is also used by the automobile industry in a small way, has risen by 1.4 per cent to $19.34 an ounce.
Source: Cybersteering.com

Drive Safe,
350Z

 

[RSM]

Yes i think they are in proces of increasing today itself. I just check Fiat India website, they are showing "Price data under revision. Please visit again for correct data." Very fast huhh..

 

[RSM]

Fiat has hiked the price of Linea-

Linea Dynamic pk has been discontinued.
Linea Active- 7,25,000 18000 increase
Linea Dynamic- 7,49,000 22000 increase
Linea Emotion- 7,94,000 12000 increase


economictimes

General Motors to hike prices of five models - American auto major, General Motors on Monday announced that it will increase prices of its five models by 0.5-1.5 per cent with immediate effect factoring a steep rise in the input costs. No plans to increase the prices of three models, Catptiva, Optra and Aveo Yuva taking into account the market feedback.

 

[Zinam]

Even one of my friend is looking to buy a Punto or i10 & they are not taking bookings now.

All they say is there is price increase & asked him to wait for 1 week.

But Linea's price increase seems to be huge. It will really create an impact in sales.

 

[RSM]

But Linea's price increase seems to be huge. It will really create an impact in sales.

All car makers are increasing the price simultaneously, so i don't think major impct will be there because of this. Already fiat cars are selling less, if any impact, they have to pack their bags.

Ford
All Fords available in India will see an increase in their asking price in 2010. Ford has cited fluctuating exchange rates and rising input costs as the reasons.The price changes range from Rs 6000 to Rs 40,000, depending on the model and variant. Refer to the table below for specific details.

New prices effective January 1, 2010:


Model & Variant - New Prices* (INR)


Ford Endeavour 4×2 - 1,599,000

Ford Endeavour 4×4 - 1,839,000

Ford Fiesta 1.6 EXI (P) - 613,000

Ford Fiesta 1.6 ZXI (P) - 646,000

Ford Fiesta 1.6 SXI (P) - 706,000

Ford Fiesta 1.6 S (P) - 706,000

Ford Fiesta 1.4 EXI (D) - 699,000

Ford Fiesta 1.4 ZXI (D) - 745,000

Ford Fiesta 1.4 SXI (D) - 807,000

Ford Ikon (P) - 483,000

Ford Ikon (D) - 543,000

*Ex-showroom, New Delhi