Car companies have citied reasons of rising costs of steel and aluminum as primary cause of hiking the car prices. Now, it is the time for rubber to repeat the story. Major Indian Tyre manufacturers such as Ceat and JK Tyres have conveyed to car companies of a price hike. The companies have stated that the cost of rubber has increased by 22 percent in 2008 alone. The hike could be witnessed again and again unless government brings the costs under control.
If this happens the price of cars may rise further. Even as car companies have been trying to achieve affordable prices for cars, while they cater to larger number of customers, market forces have not been favourable. If the price continue to increase unabated, the cars could soon become unaffordable by masses.
Labels: Car prices in India, Tyres price
4 Comments:
The car prices are going to go high for several other reasons too.the first and foremost is the the hike in steel price, then the fuel price and now it is rubber price.I wonder putting all together, how much costlier will a car be?
The demand for rubber has gone up in world. Eventhough, India produces a substantial amount of rubber domestically, it has to still imports a large quantity of it to fuel the growing auto sector.
Interestingly, steel prices have been rolled back while the rubber prices have shot up. So the nest result is that car prices remain unchanged and consumer has little to benefit from it.
yes, even i read about the car prices going high. but can any one tell me when is it going to be effective on?
i need information on solid tire
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