Indian Cars Price Hike News & Updates


350Z

Core Team
Joined
Aug 10, 2009
Messages
21,648
Likes
7,878
Location
New Delhi
Mercedes-Benz India today announced an upward revision of the price of upto 2.5% on its models effective from 1st September, 2014.

Mr. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, “Mercedes-Benz continues to offer ‘top of the line’ products for its customers and focuses on adding more value to their overall ownership experience. We have decided to upwardly revise the prices of some of our models given the rising input costs and continued high exchange rate. Mercedes-Benz models are highly enriched in terms of features and they command high customer preference in the market. Our aim remains to grow sustainably in the market in the long-term and keep creating new benchmark in modern luxury for our customers.”

Mr. Kern further added, “Despite the price hike, the attractive financial solutions from Mercedes-Benz Financial Services like ‘Flexinomics’, ‘STAR Agility, STAR Lease’ and ‘STAR Supersonic’ loan approvals etc. are all tailor made for our customers. These solutions will provide benchmark value proposition, enabling a hassle free purchase, while our service programmes like Star Care, Star Ease and Road Side Assistance, will enhance the customer’s overall ownership experience.”

Financial solutions: The Company’s ‘Flexinomics’ and STAR Finance schemes give tailor made financial solutions, while ‘STAR Supersonic’ scheme also provides extremely fast loan approval in merely 30 minutes. STAR Agility is yet another unique and innovative product from Mercedes-Benz Financial Services which enhances the flexibility and affordability of owning a Mercedes-Benz. Different aspects of the vehicle ownership starting from finance-leasing-insurance to roadside assistance, cost of service, repairs and even residual value has been optimized under ‘Flexinomics’.

Service packages: Mercedes-Benz India also offers highly affordable service packages and Extended Warranty Programmes which are most competitive. Under STAR CARE programme, warrantable repairs up to 3 years are without any mileage limitations, as standard. Star Care Plus also offers 4th year extended warranty which enhances resale value. The STAR EASE covers essential jobs related to periodic service along with coverage for brake pads, brake discs, wiper blades, wheel alignment and balancing for contracted period. Mercedes-Benz India is the only luxury car maker to offer On Road Assistance (ORA) Package as a standard offering for 3 years and can be purchased for the 4th and 5th year individually.
Drive Safe,
350Z
 

Akash1886

Honoured Member
Joined
Sep 7, 2014
Messages
11,936
Likes
14,777
Location
Delhi-NCR/ Mumbai
Team,

Automotive brands like Honda, Maruti, Hyundai and BMW are planning to revise (read increase) their car prices.

Post the festive season that failed to meet the sales expectations of the auto industry, car makers like Maruti, Hyundai, Honda and BMW are contemplating a price hike to ease some financial pressure, reports ET.
Link

Regards

Akash
 
Joined
Nov 17, 2014
Messages
8
Likes
3
Location
Tenali
hyundai i20 price hike?

hello,

i am going to take my elite i20 car delivery in a week . yesterday i got a call from showroom that price of i20 had increased by around 10000. i have booked petrol asta on October 11 th..

does really price increased
 

350Z

Core Team
Joined
Aug 10, 2009
Messages
21,648
Likes
7,878
Location
New Delhi
From Jan 1, BMW will increase the price of its own and Mini cars in India by upto 5% (citing the reason to maintain its "premium image" in the segment!).
“The success of BMW Group India has always been built on long-term thinking and responsible action. We want to maintain sustainable leadership in the Indian market with a strong brand and an exceptional model range with unbeatable product substance. With the price increase, BMW Group will maintain its premium positioning in the Indian luxury car segment.” - Mr. Philipp von Sahr, President, BMW Group India
Drive Safe,
350Z
 
Joined
May 11, 2011
Messages
4,096
Likes
950
Location
Bangalore
From Jan 1, BMW will increase the price of its own and Mini cars in India by upto 5% (citing the reason to maintain its "premium image" in the segment!).

Drive Safe,
350Z
It is evident, because this is what prospect buyers in our country needs[;)]
 

350Z

Core Team
Joined
Aug 10, 2009
Messages
21,648
Likes
7,878
Location
New Delhi
Hyundai too has announced price hike ranging from Rs.5,000 – Rs.25,000 w.e.f Jan 2015:
“In these adverse market conditions, the price increase is necessitated on account of increase in input costs, high cost of imports due to higher rupee depreciation and high cost of sales. We have been absorbing most of the costs but are now constrained to consider price increase across all models in the range of Rs. 5,000 to Rs. 25,000 which will be effective from Jan 2015” - Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing
Drive Safe,
350Z
 

350Z

Core Team
Joined
Aug 10, 2009
Messages
21,648
Likes
7,878
Location
New Delhi
Nissan has followed the suite and announced price increase of its own and Datsun cars by 2.5% and 3% respectively starting from New Year.

Drive Safe,
350Z
 
Joined
Nov 19, 2014
Messages
2,270
Likes
1,317
Location
Trivandrum , Sydney
I had booked a swift-Gisterring grey colour Zxi model.The car is scheduled for delivery by Jan-20.If it gets billed before Jan 10,it won't get affected by price hike.(Information Via Showroom Guys).
Waiting for my new ride,hope it doesn't hole my pocket.
 

350Z

Core Team
Joined
Aug 10, 2009
Messages
21,648
Likes
7,878
Location
New Delhi
Honda has hiked the prices too after excise duty roll-back by the government. Sharing the revised price range (Ex.showroom, Delhi):

  • Brio: Rs.4.21 – Rs.6.30 Lakh

  • Amaze: Rs.5.18 – Rs.7.78 Lakh

  • City: Rs.7.53 – Rs.11.53 Lakh

  • CR-V: Rs.20.85 – Rs.24.96 Lakh
Drive Safe,
350Z
 

350Z

Core Team
Joined
Aug 10, 2009
Messages
21,648
Likes
7,878
Location
New Delhi
Quick update: Mercedes-Benz has announced price hike of upto 4% across all models w.e.f 22 Jan 2015.

Drive Safe,
350Z
 
Joined
Dec 17, 2014
Messages
489
Likes
271
Location
hitler ruled country
Hyundai hikes vehicle prices by up to Rs 30,000 from Jan 2016

Hyundai Motor India has announced a price hike across their range effective from January next year. Maximum being for the Sante Fe, lower models like the Eon and i10 Grand will get a price hike of around 1.5 per cent. This will be in addition to the previous hike in October for the Elite i20 and the Creta.
The Eon and the Grand i10 prices will be up by Rs 8,000 to Rs 15,000 while the SantaFe will attract a maximum hike of Rs 30,000. The prices have been hiked by up to 3 per cent across the range. The Elite i10 and the Creta whose prices were already hiked in October this year will be more expensive.

Commenting on the price hike, Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “In these challenging market conditions, we are constrained to consider the price increase on account of factors like increase in cost of components, weak rupee etc. The proposed price increase up to Rs 30,000 will be effective from January 2016 across all models including Elite and Creta.”

Hyundai is the second biggest car seller for the passenger car segment in India and the price hike comes as an expected exercise towards the end of the year.

Source : Carwale
 
Last edited:
Joined
Dec 9, 2015
Messages
15
Likes
11
Location
Mumbai
Country's largest carmaker Maruti Suzuki India will hike prices of its vehicles across models by up to Rs 20,000 from January to offset impact of rising costs and weakening of rupee against dollar, joining rivals in making such a move.

"The price increase has been necessitated on account of increase in costs due to weakening of rupee against dollar, rise in administrative and other costs," a Maruti Suzuki India (MSI) spokesperson said.

http://auto.economictimes.indiatimes.com/news/industry/maruti-to-hike-prices-across-models-by-up-to-rs-20000-from-jan/50129022

Source: ET Auto
 
Joined
Mar 19, 2014
Messages
1,032
Likes
1,289
Location
Pune
Tata Motors, Nissan, Renault and Skoda will increase the prices of their passenger vehicles (PV) by up to Rs. 50,000 from January 1, 2016.

“Due to the impact of various macro-economic factors, Tata Motors has decided to increase the prices of its passenger vehicles, with the maximum increase being upto Rs 20,000 on some models,” the company said.

Nissan and Renault have announced that they will effect up to three per cent increase in prices of their vehicles.

Skoda has indicated 2-3 per cent hike in prices.

“The increase will vary from 2 to 3 percent across the entire product portfolio. The new prices, effective from January 1, 2016,” Skoda Auto India said in a statement.

The price increase will translate into a hike of around Rs 14,000 to Rs 50,000 depending on the model and the variant, the company added.

Already, mass market brands such as Maruti, Hyundai, Toyota and General Motors and German luxury car makers Mercedes Benz and BMW have announced price hikes from January 1.

Source : The Hindu
 
Top Bottom