Zigwheels Home

Car prices to increase from January 2013

by Abhishek Chaliha Posted on 19 Dec 201240,502 Views11 Comments

You have about 10 more days left to benefit from the massive year-end deals and discounts currently available on cars because come January 1, 2013, almost all companies including Maruti Suzuki, Chevrolet, Honda, Nissan, Mercedes-Benz, Renault, Toyota and Mahindra will hike prices across their model range

 

Maruti Suzuki Swift

 

 

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 

 

Post Your Comment

Do you like this story?

Excise duty structure retained till end of calendar

by Team ZigWheels

No increase in car prices expected now given the...

Mahindra and GM hike car prices

by ET

With the rupee taking a hit, auto-makers such as...

Car makers threaten price hikes to clear inventories

by ET

Car makers like Maruti, Hyundai, Honda,...


 
SPECIAL COVERAGE

Honda Mobilio: Special Coverage

Honda makes its entry into the MPV segment with the Mobilio. This 7-seater will be offered with two...

2014 Toyota Corolla Altis: Special Coverage

The 2014 Toyota Corolla Altis, in its 11th generation, has been launched in India starting at Rs...

 

Read Next Story