India’s largest car manufacturer has increased the prices of its vehicles by up to Rs 6,100. The reason for this hike has been the increase in commodity and distribution costs and adverse foreign exchange rates.
Honda cars have received a price hike in the range of Rs 10,000 to Rs 35,000 across all its models. The Honda Amaze, which was recently launched at an introductory price of Rs 5.59 lakh has received a hike of Rs 20,000 on average, across variants. The new starting price has gone up to Rs 5.81 lakh.
Tata Motors also announced that prices of its passenger vehicles have been increased by up to 2.2 percent in order to offset the increased input costs. It is worth noting that this is not the first price increase by the Indian brand this year. Earlier in March this year, Tata had announced a price hike of Rs 60,000 across all models in its line-up.
Mahindra’s passenger vehicles have seen a price bump by up to Rs 30,000 or 2 percent in the month of August. The rising price of commodities has been the sole reason for this hike.
Hyundai hiked the prices of its cars by 2 percent across all the cars in its line-up except for the recently launched facelift of the Creta. Unlike other cars, the Grand i10 prices have increased by up to 3 percent, which has resulted in an increase by about Rs 14,000 to 22,000 depending on the engine option and variant.
Mahindra latest compact SUV, the XUV300, will launch in India on February 14 The Indian car maker is looking to take on more than just compact SUVs such as the Ford EcoSport, Tata Nexon and Maruti Suzuki Vitara Brezza; its rivals will also include the Hyundai Creta. Bookings for the XUV300 officially opened last week (for an amount of Rs 20,000) and based on Chief of Sales & Marketing, M&M Ltd. Veejay Ram Nakra’s statement, Mahindra is likely to price the model between Rs 8-12 lakh (ex-showroom).
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- Tata Harrier is priced between Rs 16-21 lakh to launch by January 2019
- Maruti Suzuki offers attractive discounts this year end
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