How much do you think is the input costs of manufacturing a passenger car? Yes, the input costs of manufacturing a car has increased tremendously followed by the increase in steel and fuel prices. This rising costs is hurting the core of all car manufacturers.
Steel is believed to account 60% of a car’s weight and apart from that plastic, aluminum are also used in the manufacturing process. Followed to the increasing steel prices, plastic, aluminum and rubber are also facing inflationary pressures. All together increases the total input costs of car production and eventually becomes a leading cause of worry, dismay and distress for the manufacturers.
You’ll be glad to know that even under heavy pressures these manufacturers are trying to absorb the maximum increase and pass on affordable cost price to car consumers.
I have read quite a lot about the increase on the cost of cars due to the increase in steel rates…Well hope it doesnt make a lot of difference as i am planning to buy a car….
ya, its true that with the high input costs most of the car manufacturers have increased the cost price of their car models. Bad luck for me. I was planning to buy a car but now I think I should wait for another few months and see the difference in prices.
Just wondering how will the middle class people cope up with the increasing cost price of the cars.
Car prices are going high frequently for various reasons. Now a day it is becoming difficult to even own a small car.Wonder if government is gonna do some thing about it?
Govt has to take immediate action to prevent inflation. Car manufacturers have been adversely affected by the input costs, the price rise in steel, fuel and other primary inputs….If it's going to hike this way.. then.. there is surely going to be an increase the cost of the commodity!!
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