After a season filled with joy of festivals enhanced with discounts and other attractive offers from auto market, the firms now are all set to add few more numbers on their price tags for the year 2013. As per the words of most auto majors, this hike in car price is necessary due to increase in input cost of the vehicles.
Renowned utility car maker of the country, Mahindra and Mahindra has plans to increase the price of their models by about 1% to 2.5%. The company recently launched its Quanto during festive season which is doing pretty well in the market. A top end SUV from its subsidiary, SsangYong Rexton also came out to the market few weeks ago. The utility vehicles have been promising for Mahindra during this year. But the company has been battling off its rivals through festive offers on its sedan models.
Maruti Suzuki has also announced a price hike of up to Rs 20,000 for the year 2013. The company has said that the increase in price would differ from model to model. Home rival of Suzuki, Toyota has plans to extend its production capacity for the following year. The company has stated that it would also increase the price of cars by about 1% to 2% for the year 2013. General Motors, on other side, has announced that Chevrolet products would be priced 1% to 3% higher than current cost.
Luxury car brands too have stated about price hike for 2013 cars in India. A month ago, German car crafter, Audi had announced about price hike. Sources said, the price increase from Audi could be up to 5%. Now, its rival brand from home, Mercedes Benz has come out speaking about similar ideas. The brand however did not specify on how much would be the increase in price of its cars.