This is bad news for the new car buyers in India.
In a ricocheted effect, many major automakers of the country have indicated the rise in car prices which might as well go up to Rs 25,000. This decision comes in the wake of the Government’s decision to increase the central excise duty to 10 per cent.
Maruti Suzuki India, India’s largest car maker, has said that the Maruti Suzuki cars will become costlier by 2 percent, while Hyundai Motor India has hinted at a price rise of Rs 6,500 – Rs 25,000 on an average on all its cars sold in India.
Commenting on the price rise, R C Bhargava, said that the “car prices will go up by 2 percent”. Justifying the rise in price of the cars, he said it was quite essential to offset the increase in central excise duty by 2 per cent to 10 per cent partially rolling back the cut made earlier.
Volvo Auto India also has said that the increase in excise duty will result in an increase in the price of its cars.
If you can remember, the major car makers in India had raised the prices of their cars during the start of the year.
In a ricocheted effect, many major automakers of the country have indicated the rise in car prices which might as well go up to Rs 25,000. This decision comes in the wake of the Government’s decision to increase the central excise duty to 10 per cent.
Maruti Suzuki India, India’s largest car maker, has said that the Maruti Suzuki cars will become costlier by 2 percent, while Hyundai Motor India has hinted at a price rise of Rs 6,500 – Rs 25,000 on an average on all its cars sold in India.
Commenting on the price rise, R C Bhargava, said that the “car prices will go up by 2 percent”. Justifying the rise in price of the cars, he said it was quite essential to offset the increase in central excise duty by 2 per cent to 10 per cent partially rolling back the cut made earlier.
Volvo Auto India also has said that the increase in excise duty will result in an increase in the price of its cars.
If you can remember, the major car makers in India had raised the prices of their cars during the start of the year.

















