In order to buy a car in the new year you will have to loose your
pocket much, because most companies in the country are going to increase
the price of their cars. Cars from the country's largest car maker
Maruti Suzuki to the luxury car maker BMW will be expensive by January.
Let's tell you how expensive the car of a car will be.
BMW
India will increase prices of its entire product portfolio by 4% on
January 1, 2019. The rise in prices will vary depending on the models.
Cars
of Toyota will also be up to 4% from January 1, 2019. The price
increase in the company's car range will vary on the basis of models and
variants. The company has said that due to the decline in the rupee,
its production cost is increasing, which has led to the decision to hike
prices.
Japan's car maker Isuju has also announced to
increase the prices of its vehicles in India by Rs one lakh rupees from
January. The company has told it to increase the cost of raw materials
and distribution.
Nissan India has also announced an
increase of four percent in the price of various models of its vehicles.
The company has said that due to the increase in the prices of
commodities and the exchange rate in the global market, the increase in
prices of vehicles became necessary. Revised prices will apply on all
available models of Nissan and Datsun from January 1, 2019.
Ford's
cars from January will also be expensive in India. Ford India has said
that it will increase the price of its models by 2.5 percent from
January. The company has said that we are taking this step due to rising
raw material prices and fluctuating in rupee.
Tata
Motors has also announced to increase the prices of its vehicles by up
to Rs 40,000 from 1st January. The company has said that due to changing
market conditions, cost escalation and economic aspects, price increase
has become mandatory.
Honda is also going to make its
vehicles expensive in India. The company says that due to the increased
input cost, the company has to to increase the cost. The decision to
increase the prices of trains will be decided soon.
Renault
cars will also be expensive in the new year. The company has announced
to increase the prices of its cars by 1.5 percent. This is due to the
rising manufacturing costs and weakening of the rupee against the
dollar.
Hyundai's cars will also be more expensive up
to Rs 30,000 from January 2019. This will help the company to reduce the
burden of increasing costs.
Cars of the country's
largest car maker, Maruti Suzuki, will also be more expensive by
January. The company has said that to overcome the adverse impact of
commodity prices and increase in foreign exchange rates, it will
increase the price of its vehicles from January. However, the company
has not made it clear how much it will increase the price of its cars.
It will be announced shortly on Maruti's behalf.
~Abhay Lodha
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