Auto India, Car India

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TVS Motors plans to increase their two wheeler price in the next month. The reason behind the increase of products is not known. The initial requirement of the customer was in the power segment. Now the prices will be hiked which means the TVS Apache RTR will be sold a bit costly. Increase in sales was recorded by TVS. Net profit was increased to 235.3 million rupees. The company did suffer a loss of 9.6 million rupees year ago.
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Yes this is the tagline which can be seen in every Honda showroom. The new offer on Honda Jazz gives a discount of 40,000rs. Honda SIEL is exactly doing the opposite according to its competitors. We can see a price rise in other cars and with Honda it’s exactly different. A discount of 40,000 is avail on all Jazz models. The cost of Honda Jazz is around 7lakhs in Delhi and with the discount the car goes nearly to the amount of the Honda City.

Ford India has increased prices of its all existing models from 1st Jan. 2010.

The price increase is due to a continuous rise in input cost and exchange rate instabilities.
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Honda India has announced discount on the prices of its popular models : Honda Accord and Honda CRV by 5000/- rupees.Ford India is also offering some discount on its popular sports Utility Vehicle – Endeavour. Cost have been reduced due to the reduction in particular excise duty by government on the big cars (engine – 2000cc +) from 20K /- to 15K /- rupees declared in the Union Budget 2009-2010. Continue Reading »

Ford India decides to hike the prices of its popular sedan – Ikon by up to 1.5 percent from April. The company officials told that this price increase is forced by the hike in their import fees caused to a rupee decline.

Bad news for Mitsubishi car buyers! Mitsubishi will hike the prices of all its models from 1st April in India. It will increase prices of all models by up to 4 to 5%.

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Toyota Kirloskar Motor (TKM) has hiked the prices of its MUV ‘Innova’ and sedan ‘Corolla Altis’ by up to Rs. 50K from 1st April’09. It’s because of fall of rupee/dollar and yen/dollar and increasing operational and raw material prices.
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Honda Siel Motors India has hiked the prices of all its car models, City, Civic, CR-V and Accord.
The prices for largest selling car City have increased by Rs 30000 - Rs 35000 while prices of the Civic is increased by Rs 50100 - Rs 63000. The prices for luxury sedan Accord have gone up by 1 lakh while for CR-V, it is Rs 3.54 Lakh hike !
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Honda Siel Cars Limited intends to raise the cost of Honda CRV by 30% from May 2009 also it plans to maximize the price of its other models.

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General Motors India will increase its car prices by 1% to 2% fron January 2009 to cover increasing prices. However, according Sr. officials, the market conditions may not improve in a 1st half of 2009.

Mr. Balendran (VP, GM India) said that the price hikes were to cover the input costs and an impact of weakening of rupee last year.
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