As speculated in 2008, the car manufactures are now increasing the car prices to combat the rising input costs. Hyundai Motors has already revealed its plan to increase the car prices by 2% which will put extra an expense of Rs 1,000 – Rs 18,000 on the purchase of Hyundai cars. Honda is also set to hike the prices of all its car models.
The rising input costs and currency fluctuations have compelled many car manufacture to increase their car prices. Earlier, in order to boost car sales, car manufacturers have announced various discount and schemes with their car models. These offers were also declared to pass the benefit of the lowered excise duty to the car buyers.
Following the suit, General Motors has unveiled the price hike by around Rs 10,000 across all models from January 10. So now the cute little Spark will be available with an extra addition of Rs 3000 to its price tag, whereas the Optra from the sedan class will cost of Rs 10,000 more. The SUV Captiva will also witness a price hike in the same range.
That's bad, one month of price cut and now all car manufacturers are increasing the car prices. Why so?
Yes, that's true my friend. All the Indian car manufacturers are increasing the car prices of their respective car models because of the high input cost. I think even the weakening indian rupee is one of the key factor why these manufacturers are raising the prices.
One more day and the price soars high!! with the recession, weakening of Indian rupee, and high input costs.. There is no question of decrease in cars prices. I hope so!!!! This global affair is affecting the car industry down here also.
Price hike at the time of crisis? Now this is not a good news.The car sales will further affect as people will think twice before making an investment on cars.
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