Cars get costlier in the fes­tive sea­son

Auto Today - - Update! -

IF THE ris­ing cost of fuel was a bit of a bother and you were hop­ing to move to­wards newer eco­nom­i­cal op­tions or a new car, be pre­pared for ad­di­tional heartaches. Due to the de­pre­ci­at­ing value of the ru­pee and the in­ter­na­tional fuel price sky rock­et­ing, man­u­fac­tur­ers have hiked the price of cars. Maruti-Suzuki has in­creased the price of it cars by Rs 6,100 and not far be­hind is Mahin­dra that ear­lier this month an­nounced an in­crease of Rs 30,000 for its pas­sen­ger ve­hi­cles. Which means cars like the Swift, XUV 500, Scor­pio, TUV 300 and KUV 100 will in­evitably be­come more ex­pen­sive. Sim­i­lar is the case with other ma­jor man­u­fac­tur­ers like Hyundai, Mercedes-Benz, Isuzu, Honda, Ford and Tata. Mercedes-Benz have also had to re­vise their prices up by four per cent and new prices will come into ef­fect start­ing Septem­ber 1. Com­ment­ing on the price rise Roland Fol­ger, Mercedes-Benz In­dia man­ag­ing direc­tor and CEO said, “Con­sid­er­ing the rapid de­pre­ci­a­tion of the ru­pee against the ma­jor cur­ren­cies in last few days, we were left with fewer op­tions, but to make some nec­es­sary price ad­just­ments to our prod­uct range at the mo­ment. A steady rise in in­put costs against the back­drop of an un­favourable forex rate and high in­fla­tion­ary cost to­gether, have had a sig­nif­i­cant im­pact in the re­cent past.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.