Wednesday, December 2, 2009

Honda-Toyota-GM-Mahindra-Will-Raise-Prices-Jan2010

Due to increase in the input cost all this brand car makers in india will increase prices of their cars upto 3% which will surely hurt small percentage of their sales. Though this companies planned to increase car prices india's most loved company maruti suzuki has not said anything about their price increase .

GM india will hike prices of its all cars including uva spark and all sedan cars like optra and all. Toyota will increase prices of its 3 cars which are toyota innova, corolla altis and the new model which was recently launched some months back toyota fortune by around 1.5 to 2%.

Scorpio, Maruti Swift and Honda Civic may go up by Rs 10,000-20,000 from January 1 next year or so.

Mr. Pawan Goenka head of the automotive division at Mahindra & Mahindra, said “We are facing pressures to increase prices to keep our profit margins in healthy territory,” and Mr. P Balendran, Vice-President of General Motors India (GMI) said that "We will be increasing the prices of our models by 2-3 per cent from January first week to offset rising input costs" and according to the Toyota Kirloskar Motor (TKM) “price hike decision has been taken in view of increasing input costs and unfavourable exchange rate”.

This price will surely put some impact on indian car market.

1 comment:

  1. Some times we ignore the promotion freebies that come with the motor oil that we buy.. Recently i bought a Castrol promotion pack for car but wasn't informed by the dealer that the scratch card offer to enter the lucky draw to go to South Africa World cup games and the dealer has assured gifts that we can collect at the time of purchase. Make sure you ask your service dealers for the contest details if you buy one in the near future and collect your assured gift :)

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