Cars will be dearer with the coming of the New Year.
The increase in input cost of the materials like steel, aluminum and rubber is the result of car price inflation. Moreover, stricter emission norm is going to be implemented from April next year and the automobile companies are working on that. The Euro IV emission norms will be applicable in big metros while the Bharat Stage III norms will be applicable in the rest of the country. An investment of Rs 5,000-15,000 is needed on the up gradation of the cars.
Cars from the mills of Toyota and General Motors will be costlier by 3 per cent of their existing price. Toyota Kirloskar Motor revealed that it will increase the price only of the Innova, Corolla Altis and Fortuner by 1.5 to 2 per cent from January 1 next year.
India’s numero uno Maruti Suzuki is pondering over the price rise issue. Similarly, Mahindra & Mahindra and Hyundai Motors India said that they are assessing the situation. But Honda Siel Car India has declared that it has no plans to go for a price hike at present.
Where will this inflation lead India to?
Though the car price rise will not impact the Indian car buyers’ crave for buying cars, it surely will boost the auto manufacturer’s morale and fill the coffers of the Indian government.
The ever-growing Indian car market will not stop at this small hitch!
The increase in input cost of the materials like steel, aluminum and rubber is the result of car price inflation. Moreover, stricter emission norm is going to be implemented from April next year and the automobile companies are working on that. The Euro IV emission norms will be applicable in big metros while the Bharat Stage III norms will be applicable in the rest of the country. An investment of Rs 5,000-15,000 is needed on the up gradation of the cars.
Cars from the mills of Toyota and General Motors will be costlier by 3 per cent of their existing price. Toyota Kirloskar Motor revealed that it will increase the price only of the Innova, Corolla Altis and Fortuner by 1.5 to 2 per cent from January 1 next year.
India’s numero uno Maruti Suzuki is pondering over the price rise issue. Similarly, Mahindra & Mahindra and Hyundai Motors India said that they are assessing the situation. But Honda Siel Car India has declared that it has no plans to go for a price hike at present.
Where will this inflation lead India to?
Though the car price rise will not impact the Indian car buyers’ crave for buying cars, it surely will boost the auto manufacturer’s morale and fill the coffers of the Indian government.
The ever-growing Indian car market will not stop at this small hitch!
Labels: Car-Price-Inflation, Indian-Car-Buyer, Indian-car-market
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