Indian Cars Price Hike News & Updates


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Re: Updates of Price Hike on Indian Cars

Read highlights only but maruti, hyundai both the companies hiked their prices, detailed yet to go thru but yes 15k to 25k.
 
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Re: Updates of Price Hike on Indian Cars

Is there any way to buy car without bill ?? [confused] [lol]
Yes you can, used car market is full of that, where you dont need to buy any bill,taxes nothing else then insurance that tobe many dont buy, its all for the settlement for the cash money transcations people do,but not advisable.
 
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Re: Updates of Price Hike on Indian Cars

Yes you can, used car market is full of that, where you dont need to buy any bill,taxes nothing else then insurance that tobe many dont buy, its all for the settlement for the cash money transcations people do,but not advisable.
Ya, it is done by many realty developers in Pune, who have ample of cash !!
I was talking about brand new car.
 
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Hyundai to hike prices by up to Rs 20,000 from February 2013

Hyundai has announced a price hike of up to Rs 20,000 across its model range from February 2013 in the face of rising input costs and inflation.

Hyundai currently sells the Eon, Santro Xing, i10, i20, Accent, Verna, Elantra, Sonata and Santa Fe in India, with prices ranging from Rs 2.77 lakh (ex-showroom Delhi) for the entry level Eon hatchback to Rs 25.43 lakh (ex-showroom Delhi) for the top end Santa Fe SUV.

The price hike comes in as a measure to withstand the hike in input costs and inflation. Many car makers have announced price hikes across their model ranges due to the prevailing economic conditions, the remaining are expected to go down the same road soon.

Hyundai to hike prices by up to Rs 20,000 from February 2013| ZigWheels.com
 

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Hyundai Hikes prices across all the models.

NEW DELHI: Hyundai Motor India Ltd (HMIL) today said it has increased prices of all models starting from Eon to Santa Fe with immediate effect by up to Rs 20,878 to offset impact of rise in input cost and fluctuation in currency.

"On account of rise in input cost and fluctuation in currency, the price hike has been necessitated. We have increased the prices in the range of Rs 4,201 to Rs 20,878 across all the models," HMIL vice president sales and marketing Rakesh Srivastava said in a statement.

The company sells a range of vehicles starting from the entry level hatchback Eon, which was priced at Rs 2.77 lakh-Rs 3.83 lakh to luxury SUV Santa Fe tagged at Rs 22.61 lakh-25.63 lakh (ex-showroom Delhi) before the hike.

Source:
Hyundai hikes prices across models by up to Rs 20,878 - The Times of India
 
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Re: Updates of Price Hike on Indian Cars

M&M hikes prices of its UVs by over 2%

In the wake of the excise duty hike announced in the union budget, the major utility maker Mahindra & Mahindra Ltd (M&M) has increased the prices of its utility vehicles (except Quanto) by over 2 per cent with immediate effect.
 
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Re: Updates of Price Hike on Indian Cars

Honda, Hyundai and others to hike car prices in April

Car makers are gearing up for another round of price hike from April 1 to offset the cost of OBD (on-board diagnostics) compliance changes, with Honda and Hyundai today announcing that they would pass it on to customers.

Maruti Suzuki India also said it currently studying the implications of the OBD compliance changes but did not immediately confirm if there would be a price hike or not.

Honda Cars India Ltd (HCIL) will increase prices of its vehicles across models by up to 2 per cent from April to offset the cost of OBD (on-board diagnostics) compliance and freight increase.

Honda, Hyundai and others to hike car prices in April - The Economic Times
 

350Z

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Re: Updates of Price Hike on Indian Cars

Mercedes Benz India has announced a price hike ranging from 1 – 4% for locally manufactured cars and 20% for imported cars. It is in effect from April 1, 2013.

Eberhard Kern said:
There are several factors that have put significant pressure on our bottomlines. Rising input costs and volatile exchange rates have impacted us; while the recent changes in import duty structure and increase in relevant taxes have put significant stress on our business. We have absorbed a portion of the impacts but to retain business viability, we are forced to pass on a part of this burden to the consumers.
Drive Safe,
350Z
 
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Re: Hyundai Hikes prices across all the models.

NEW DELHI: Hyundai Motor India Ltd (HMIL) today said it has increased prices of all models starting from Eon to Santa Fe with immediate effect by up to Rs 20,878 to offset impact of rise in input cost and fluctuation in currency.

"On account of rise in input cost and fluctuation in currency, the price hike has been necessitated. We have increased the prices in the range of Rs 4,201 to Rs 20,878 across all the models," HMIL vice president sales and marketing Rakesh Srivastava said in a statement.
Interesting to see the conflicting issue, drastically reduced vehicle sales vs proposed increase from April2013 across all segments. Is it a sales ploy???
 
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Re: Updates of Price Hike on Indian Cars

Hyundai announces price hike

The price hikes are as follows:

Eon - Increase of up to Rs 2,500

Santro - Increase of up to Rs 2,830

i10 - Increase of up to Rs 900

i20 - Increase of up to Rs 575 for both petrol and diesel variants

Verna - Increase of up to Rs 1,340 for both petrol and diesel variants

Elantra - Increase of up to Rs 1,740 for both petrol and diesel variants

Sonata - Increase of up to Rs 2,813

Santa Fe - Increase of up to Rs 2,813
 
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Re: Updates of Price Hike on Indian Cars

Mahindra set to increase prices of its models by up to 2 per cent

Mahindra & Mahindra Limited, the country's leading utility vehicle manufacturer, has revealed intentions to increase prices of its models soon in the domestic car market. Accordingly, some Mahindra products are anticipated to get dearer by up to 2 per cent in the country. The company is citing inflation and rising input costs as the main reasons behind the impending price hike.

In an interaction with the press during sidelines of the CII annual conference held in New Delhi, Pawan Goenka, President, Automotive Division and Farm Equipment Sector (FES), Mahindra & Mahindra Limited, was quoted as saying, “We will be soon announcing a price hike of 1 to 2 per cent in order to offset increasing input costs and inflation.” Goenka, however, refused to share the details regarding which Mahindra models were going to see the announced price hike.

At present, Mahindra & Mahindra Limited has a majority of its products in the utility vehicle segment, comprising the likes of Thar, Bolero, Xylo Scorpio, Quanto, XUV500, SsangYong Rexton, along with the Verito entry level sedan. Further, the company has recently launched its first battery powered electric car called 'e2o' in the domestic car market. It is going to be interesting to see which of the Mahindra models will get dearer to the pockets of Indian consumers.

When enquired about the company's take on tax levied on Sports Utility Vehicles (SUV) by the government, Goenka revealed that Mahindra & Mahindra is awaiting a clarification on the matter from the Finance Ministry. The government is yet to clear the air on models under impact from the 3 per cent increase in excise duty from 27 to 30 per cent, as per the 2013-14 Union Budget. The issue was taken up by the apex industry body- Society of Indian Automobile Manufacturers (SIAM) and the Ministry of Heavy Industries and Public Enterprises.


Mahindra set to increase prices of its models by up to 2 per cent | CarTrade.com
 

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