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    Thread: The Price Hike Thread : Hyundai, General Motors, Tata Motors & Maruti to hike prices

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      Talking Auto makers to increase prices of cars soon

      Many car makers in the country are planning to increase their car prices from early next year. Toyota Kirloskar Motors (TKM) has already announced a price increase due to rising commodity prices and currency fluctuation. The cost of upgrading vehicles for new emission norms may also be the reason for the decision of increasing prices. As announced earlier , the new emission norms are going to be applied by April 2010.

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      The Japanese yen is affecting the companies with links/parent companies there.
      TKM and HSCI will be affected most. Maruti will increase marginally - taking a cue from here - all of them may raise prices slightly!!
      Tata has already announce weaker forecast stating "margins are under pressure and cost cutting alone may not be enough" - read - Prices will be hiked!
      The ONE thing that unites all human beings, regardless of age, gender, religion, economic status or ethnic background, is that, deep down inside, we ALL believe that we are above average drivers.

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      It depends on the sales also. But if the govt reduced the import duty then i feel this raise will not happen and will help the automotive sector. Moreover if the recession still continues then this raise will boomerang on these auto gaints itself
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      The Price Hike Thread : Hyundai, General Motors, Tata Motors & Maruti to hike prices

      New car buyers will have to spend more this festive season as Hyundai and General Motors have decided to hike product prices by up to Rs 20,000 to offset impact of rupee depreciation and rising input costs.

      Tata Motors also said it plans to hike prices in the range of 1-1.5 per cent across its passenger cars and commercial vehicles, while Maruti said it is still evaluating the situation.

      "Tata Motors plans to increase the prices of its passenger and commercial vehicles around 1-1.5 per cent, depending on the model, either petrol or diesel," a Tata Motors spokesperson said.

      This is due to rise in input costs, and after having neutralised to the extent possible through internal efficiencies, she added without disclosing details.

      The country's largest car maker Maruti Suzuki India (MSI) is currently keeping a watch on the situation. "While we evaluate impact of the increasing costs, we would like our customers to have a good festive time. On price increase we continue to evaluate options of how much and when," a MSI spokesperson said.

      Earlier in the day, Hyundai Motor India Ltd (HMIL) said it will hike prices by Rs 4,000 to Rs 20,000 across models, except the newly launched compact car Grand i10, from October 1, while General Motors said its fourth price hike of the year will be across all models by Rs 2,000 to Rs 10,000.

      "The rupee depreciation and inflationary trends have impacted our input costs. We have been absorbing most of the costs but now we are compelled to consider the price increase," HMIL Senior Vice President, Sales and Marketing, Rakesh Srivastava said. The company sells a range of vehicles in India, starting from the entry level compact car Eon to high-end sports utility vehicle Santa Fe.

      While the Eon is available at a price range of Rs 2.85 lakh to Rs 3.91 lakh (ex-showroom Delhi), the Santa Fe is priced at Rs 23.40 lakh to Rs 26.49 lakh (ex-showroom Delhi).

      General Motors India, which hiked prices of its three models car Beat, SAIL and multi-purpose vehicle Enjoy by up to Rs 10,000 earlier this month, said it is undertaking another round of increase of up to 1.5 per cent across all models.

      "We are increasing the prices of all models, including those which recently saw a hike, at a range of 0.5 per cent to 1.5 per cent," General Motors India vice president P Balendran said.

      On Tuesday, Toyota Kirloskar Motor had announced a hike in prices of its key models by up to Rs 24,000 with effect from September 21, to partly offset higher cost of raw materials and rupee depreciation.

      Source: http://timesofindia.indiatimes.com/b...w/22770694.cms
      Last edited by Nomad; 23rd Feb 2014 at 10:36.
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      Maruti to hike prices of all models by up to Rs 10,000 from Oct

      Maruti Suzuki India, country's largest car maker, on Wednesday said it will increase the prices of its entire range of models by up to Rs 10,000 from October first week, mainly due to depreciation of rupee.

      "We have been wanting to raise the price for some time as our input costs went up severely, mainly on account of weakening of rupee. However, the market was not conducive. Now it has become inevitable," Maruti Suzuki India (MSI) Chief Operating Officer (Marketing and Sales) Mayank Pareek told .

      The quantum of price increase will vary according to different models and fuel specifications, and will be effective from the first week of October, he added.

      "The amount of price hike will vary between Rs 3,000 and Rs 10,000. It will be applicable to all our models," Pareek said.

      The prices of MSI's vehicles that are manufactured in India start from Rs 2.35 lakh and goes up to Rs 10.21 lakh. These prices are as per the company's official website and are for ex-showroom, Guwahati.

      MSI had last hiked the prices in January for all its vehicles by up to Rs 20,000 to offset the pressure of adverse currency fluctuation.

      In the last few months, rupee devalued drastically and hit a life-time low of below 68.85 against the US dollar. However, it started gaining after Raghuram Rajan joined as the new governor of RBI and announced a slew of measures.

      Earlier, this month, Hyundai and General Motors decided to increase vehicle prices by up to Rs 20,000 to offset the impact of rupee depreciation and rising input costs, resulting in more spending from new car buyers in the festive season.

      Tata Motors said it plans to increase the prices of its passenger and commercial vehicles by around 1-1.5 per cent, depending on the model, either petrol or diesel.

      Toyota Kirloskar Motor had announced a hike in prices of its key models by up to Rs 24,000 with effect from September 21 to partly offset higher cost of raw materials and rupee depreciation.

      Source: Maruti to hike prices of all models by up to Rs 10,000 from Oct - The Times of India
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      Saw the news being highlighted. But are they biting the bullet first when other OEM's have not done this raise.
      Try walking into YOUR car rather than crawling. For me walking is always best ---GURU SHISHIR

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      Already automobile segment on the whole is facing a long recession.The price increase may further drive the situation in to a rabbit hole.we need to wait and see.

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      Vinayak Hyundai has come up with a showroom and service centre at Tambaram sanatorium near TB hospital, i think the showroom is open cars are kept on display, not sure where their service centre workshop is located, nay news information on their service standards/ experience

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      Hyundai Motors misleads their customers by highlighting the false mileage of their cars. It is not a trustworthy automobile company. Do you know that they were penalised for false claims of mileage of their cars last year?
      Read this to find out more:
      EPA finds Hyundai, Kia overstated gas mileage | Fox News

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      Maruti, Hyundai to hike car prices from January

      Cars will become costlier fromJanuary with major manufacturers Maruti Suzuki and Hyundai stating that they will hike prices from next month, joining the likes of Mercedes, BMW, Audi and Honda. "Maruti Suzuki will increase prices from January 2014 as input costs have been going up and we cannot continue to absorb all of it. We will pass on some part of it to the customers," Maruti Suzuki India (MSI) COO (Marketing and Sales) Mayank Pareek told PTI.

      MSI sells a range of vehicles, from M800 to Grand Vitara, priced between Rs. 2.13 lakh and to Rs. 24.6 lakh (ex-showroom, Delhi).
      The company had earlier announced that it would increase prices of the entire range of models by up to Rs. 10,000 from October first week, mainly due to depreciation of the rupee.


      Hyundai Motor India also said it is looking to take a similar step from next month to offset rising input costs.
      "We will be increasing the prices from January due to the rising input costs and current market conditions," HMIL Senior Vice President and Division head (Marketing & Sales) Rakesh Srivastava said.
      The price hike will be across the entire product portfolio, he added.
      Hyundai markets car models priced between Rs. 2.89 lakh and Rs. 26.69 lakh (ex-showroom Delhi).
      Earlier in the day, German luxury car maker Mercedes Benz also announced that it will hike prices of its products across models by up to 10 per cent in India from next month.


      While the company did not specify the reason for the price increase, its rivals BMW and Audi have already said they would hike prices from January onwards owing to pressure on their business due to economic factors.
      Mercedes Benz sells a range of luxury cars and sports utility vehicles in India, including compact cars A Class and B class, sedans C Class, E Class and S Class and sports car SLS AMG, priced between Rs. 22 lakh and Rs. 3 crore.


      Earlier this week, Honda Cars India Ltd (HCIL) said it also planned to hike prices of its entire product range from the first week of January to partially offset impact of adverse exchange rate and inflation.

      Source: http://www.hindustantimes.com/autos/...1-1159756.aspx
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