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07 Dec, 2013 10:33 PM

Come January, Cars to be costlier

Come January, Cars to be costlier
Major car manufacturers - Maruti Suzuki and Hyundai have announced that the car prices will be hiked from January 2014. The move follows similar move by Mercedes, BMW, Audi and Honda.
Maruti Suzuki justifies the hike saying that the input costs have been going up and the company cannot continue to absorb all of it. The company had earlier announced that it would increase prices of the entire range of models by up to Rs 10,000 from October first week, mainly due to depreciation of the rupee.

Car price hikeHyundai Motor India also said it is looking to take a similar step from next month to offset rising input costs and current market conditions.

Earlier, German luxury car maker Mercedes Benz also announced that it will hike prices of its products across models by up to 10 per cent in India from next month.

Earlier this week, Honda Cars India Ltd (HCIL) said it also planned to hike prices of its entire product range from the first week of January to partially offset impact of adverse exchange rate and inflation.



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