This New Year, get ready to shell out extra bucks in the purchase of very car. Car makers, both the homegrown and the international ones, have announced a price hike across their model range from January 2013 onwards. This news comes in the wake of depreciating rupee value and rising input costs that has forced the makers to increase their prices.
The French multinational car maker Renault has announced a price hike of 1.5 percent across models like the Pulse hatchback, Duster SUV, Fluence saloon, Scala saloon, and Koleos SUV. Even the luxury carmaker, Mercedes-Benz has announced a hike of 1 – 3 percent across its products portfolio.
While Toyota has announced a 1-2 percent hike across its entire model line-up, Mahindra car prices are expected to go up by 2.5 percent and that would apply to the newly acquired Mahindra-owned SsangYong brand’s Rexton SUV as well.
With all brands hiking their prices, even the American auto giant Chevrolet has announced an increase of 1-3 per cent across its car line-up, in view of the rising inflation and hike in raw material costs. From January onwards, Chevrolet cars like the Spark, Beat, Sail U-VA, Tavera, Cruze and Captiva will get dearer.
Even Maruti Suzuki in India has announced a price hike of up to Rs 20,000 across its line-up. Close to the heels are Nissan and Honda who have zeroed down on a hike of 3 percent and 1.4 percent respectively.