New Delhi sources have stated that cars are set to get costlier in January with several manufacturers planning to raise prices across models to absorb the impact of rising input costs. However, the country’s two biggest car makers Maruti Suzuki and Hyundai Motor India said they didn’t plan to increase prices as of now.
Further the companies planning to raise car prices provided indicative percentages with only a few manufacturers giving absolute rupee values.
Moreover Toyota Kirloskar Motor may increase prices
by up to 3%, which could translate into an estimated rise of Rs 5,000-1.1 lakh
depending on the model. Honda Cars India said it will raise prices by
1-2%, or up to Rs 25,000. Mahindra and Mahindra’s hike could be in
the range of Rs 7,000-30,000. Skoda Auto has announced plans to raise
prices by 2-3%, or an estimated Rs 14,000-50,000, and Isuzu Motors by up to Rs
1 lakh. Others are expected to follow suit.
