The calender year 2008 turned out to be a year of see-saw for the car industry stung by the inflation and global recession. These all has compelled car manufacturers to hike their car prices. Many car manufacturers including the Honda Motors, General Motors, and the Maruti Suzuki have plans to increase the prices of their car models.
Recently, as part of Christmas and New Year celebration car manufacturers have announced attractive discounts and schemes to push car sales amid sluggish car market. Alluring discounts and schemes attracted buyers and the car manufacturers did saw some silver lining on the dark clouds. But now the New Year is going to play a little harsh on consumers with the expected increase of car prices.
Hyundai has declared to hike its car prices by 2 percent from January 2009. The price hike is said to be the result of increasing price of raw material, labour costs, and other input costs. Presently, Hyundai is one of the leading players in India with many popular and admired car models. Its cars has steal the hearts of many and with the latest addition of Hyundai i20 in its car portfolio, Honda will definitely climb a step forward on the ladder of success.
Labels: Car-prices, Hyundai-cars, Indian-car-industry
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