After Maruti Sizuki and Honda, it is now the Mahindra and Mahindra to raise car prices. The prices of raw materials such as steel, aluminum, rubber have seen a sharp rise of 25-30 percent since January 2008. This has added pressure to the already squeezed car sector which has been witnessing decreased new car sales.
Mahindra sources its materials from Indian vendors which were deeply hit. It will bring the new prices into effect from May 19.
All the serious off-roads and potential Scorpio buyers who were planning to buy these cars can go for it now.
Labels: hike in car's price, Mahindra and Mahindra
Ahead of the likely price hike, car sales jumped 17.2 % in the month of April. In fact it was the highest sales recorded in the past seven months. The highest number of sales was recorded by Maruti Suzuki India, the car market leader in India.
The Indian buyers have taken advantage of the excise cuts and fantastically lower prices. Coupled with this, some car dealers even offered freebies with the car to push sales up. Those who wanted to buy cars after 3-4 months, advanced their dates to take maximum advantage of the price reduction.
The gamble has paid well for car manufacturers. They now have health numbers of sales to show for this fiscal year. This is an irony of car business, where prices tumbled by Rs 2,000 to Rs 18,000 in March and continued in April. However, May will witness a hike in prices between Rs 4,000 to Rs 16,000. The price hike may pose a hurdle to the car sales, but are the car manufacturers geared up to face it?
Labels: Car-Sales, hike in car's price
All those small car owners who thought that they could now get a DZire sedan by paying just Rs 75,000 more than Swift hatch back’s cost, take note of this. Maruti Suzuki has decided to increase the introductory price for DZire. Rise in input costs of aluminum and copper are forcing Maruti to increase the price of Dzire. The prices are likely to be revised in the next few weeks.
So all those who want the new DZire will have to rush to Maruti outlets soon and book your cars, otherwise you will end up paying more than you thought. What with the cost of interest, rising cost of accessory and rising fuel costs. Anything more will certainly burn your pockets.
Labels: Car-Sales, hike in car's price, Maruti, small cars, Swift Dzire
