The New Year has arrived and the automakers in the country are working on plans to raise the prices of their cars to cash in on the boom in the market.
Maruti has announced their plans. The company will increase prices by as much as Rs 12,000 for different models, effective February 1.
Hyundai is also due to announce their price hikes soon.
Jagdish Khattar, managing director, MUL spoke on this price hike announcement: "We have informed all our dealers about the price hike. There has been steep rise in the cost of different raw material like steel and aluminum components. We are transferring a little burden of the rising cost to the customer, while absorbing most of the inputs costs, which have sharply increased in the past few months."
The company would not be increasing the price of their just launched Suzuki Swift Diesel car.
Maruti has announced their plans. The company will increase prices by as much as Rs 12,000 for different models, effective February 1.
Hyundai is also due to announce their price hikes soon.
Jagdish Khattar, managing director, MUL spoke on this price hike announcement: "We have informed all our dealers about the price hike. There has been steep rise in the cost of different raw material like steel and aluminum components. We are transferring a little burden of the rising cost to the customer, while absorbing most of the inputs costs, which have sharply increased in the past few months."
The company would not be increasing the price of their just launched Suzuki Swift Diesel car.
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