car prices hike has become a recent buzzword amidst recession. In recent times, Indian car market has witnessed a major jump in car prices of many models. Now Mitsubishi Motors has revealed its plan to increase the prices of all its models. Mitsubishi cars will see a price hike of 4-5 per cent that will be applicable from 1st April.
The company assembles its cars in Chennai through a joint venture with Hindustan Motors. Since the localisation levels in Mitsubishi models are still not very high, the company is finding it difficult to combat with the expenses on the imported kits due to rising value of Yen.
Let’s have a look as to how much the Mitsubishi cars will see a price surge. To start with, the SUVs models Outlander and Pajero will get a price hike of around Rs 1 Lakh. The Cedia and the Lancer will be increased by Rs 50,000 and Rs 40,000, respectively. Also, the recently launched 2009 Montero priced at Rs 42 Lakh will see a steeper hike due to increased duty levies.
Labels: Car-prices, Indian-car-market, Mitsubishi-Cars
2 Comments:
I dont understand why are the car brand increasing the prices of their models. It is high time now. every one in the viel of recession, higher input cost, increasing value of foreign currency are hiking the price. There should be some stop to it
I dont know much about this SUV. But when i saw the model i really liked it. The car is huge and looks stunning. I am definitely not going own one immediately. But it is a coool car with an really expensive price tag.
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