Auto India, Car India

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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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Hyundai Motor India is planning to hike the prices of its cars by up to 2 percent in Jan’09.

Raw material prices, labour costs and other input costs have increased. We are looking to increase the prices by less than two per cent in January.

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German luxury car manufacturers Audi and Volkswagen announced to cut the prices of products by up to Rs to Rs 2.79 lacs and Rs 80,859 respectively. They made this declaration after the government’s reduction in a CenVAT by 4%.
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Now Ford India has announced the price cuts across the model range and passing on the benefits of an excise duty to the customers.
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Maruti Suzuki India is passing on the benefits of a 4 percent CenVAT duty reduction to the customers, and has cuts prices of all cars, excluding a Grand Vitara, which is the CBU import.
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