Car prices to increase from January 2013
It is customary for car makers to announce price hikes for the coming calendar year in December – a move aimed at clearing their current year’s inventory.
But this year, most car makers had hiked prices in October itself owing to depreciating value of the rupee and rising input costs. And now some car makers have announced a second price hike in just three months. Related: Car makers threaten price hikes to clear inventories
Chevrolet has been the first to announce the end-of-year price hike ranging between 1 – 3 per cent across its model range, effective January 2013. Chevy blames the hike on rising inflation and raw material costs. The company currently sells six cars in India namely the Spark, Beat, Sail UVA, Tavera Neo 3, Cruze and Captiva. Prices of Chevy’s cars in India range from Rs 3.26 lakh (ex-showroom Delhi) for the entry level Spark hatchback to Rs 24.60 lakh (ex-showroom Delhi) for the top end Captiva SUV. Read More: Chevrolet announces price hike for January 2013
Indian passenger car market leader Maruti Suzuki announced that it will hike prices of its entire model range by up to Rs 20,000 in January 2013. Maruti Suzuki currently sells 14 models ranging from the new Maruti Suzuki Alto 800 starting at Rs. 2.41 lakh (ex-showroom Delhi) to the Suzuki Grand Vitara priced at Rs. 24.61 lakh (ex-showroom Delhi).
Nissan has also announced a price hike of up to 3 per cent for January 2013 across its model range. Prices of Nissan cars range from Rs. 4.24 lakh (ex-showroom Delhi) for the Micra hatchback to Rs. 26.40 lakh (ex-showroom Delhi) for the X-Trail SUV. Read More: Nissan to hike prices in January 2013
Honda’s price hike will range between 0.8 per cent and 1.65 per cent for the Brio hatchback and City mid-size Sedan. Prices of Honda cars range from Rs. 4.06 lakh (ex-showroom Delhi) to Rs. 26.95 lakh (ex-showroom Delhi) for the Honda Accord premium sedan. Related: Honda Brio, City to cost more from January