Cars to get costlier in Jan­uary

Step is be­ing taken in view of the slow­down, weak ru­pee and high cost of raw ma­te­ri­als

Hindustan Times (Chandigarh) - Live - - IN & AROUND - Am­rita Sethi chdlivedesk@hin­dus­tan­

■ CHANDI­GARH: Come Jan­uary, the prospec­tive car buy­ers will have to shell out more money for pur­chas­ing a new ve­hi­cle, as ma­jor au­to­mo­bile man­u­fac­tur­ers are set to raise the prices in view of high man­u­fac­tur­ing cost.

The man­u­fac­tur­ers are plan­ning to raise the price by 2 % to 4 %.

The com­pany of­fi­cials said au­to­mo­bile ma­jors, like, Honda, Maruti, Huyundai, Toy­ata, in­clud­ing lux­ury car­mak­ers, like, Audi, Re­nault, all are eval­u­at­ing the hike.

"There has been a con­sid­er­able im­pact of in­crease in raw ma­te­ri­als cost and the ru­pee de­pre­ci­a­tion with re­spect to dol­lar and euro. Con­tin­u­ous in­crease in raw ma­te­ri­als price prompted us to take this painful step," said Marc Nas­sif, man­ag­ing di­rec­tor of Re­nault In­dia.

I was plan­ning to buy a car in the be­gin­ning of 2012, but now, I may de­lay the pur­chase by two or three months

Re­nault has an­nounced the hike in the price of its lat­est sport util­ity ve­hi­cle (SUV) Koleos.

The new price, which is ex­pected to be around Rs 23.99 lakh, will be im­ple­mented from Jan­uary.

Toy­ota is also likely to in­crease prices be­tween 2% and 4%, rang­ing be­tween Rs 10,000 to Rs40,000, from the first week of Jan­uary, said the of­fi­cials, who were re­frain­ing from dis­clos­ing the model.

30-year-old Nis­hant Sharma said, "I was plan­ning to buy a car in the be­gin­ning of 2012. With man­u­fac­tur­ers rais­ing the prices, I might de­lay the pur­chase for 2-3 months."

27-year-old Vishal Sharma, a DELL em­ployee, said, "I had planned a new car but the uncer­tainty in the I-T sec­tor forced me to put it off.”

“Be­sides, the man­u­fac­tur­ers are also rais­ing the prices, I think I should wait for a while," he added.

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