Tag: PRICE HIKE

General Motors India hikes car prices by upto Rs. 61,000/-

Like other car manufacturer, General Motors (GM) India too has hiked the prices on account of higher excise duty, increased cost of inputs and currency fluctuations. The price hike with immediate effect on Chevrolet vehicles built in India ranges from approximately Rs 15,000 to Rs 61,000, depending upon the various models and variants Starting with the entry-level Spark …

Hyundai India issues range-wide price increase

Hyundai Motor India Ltd. (HMIL) has announced the price increase for its entire line-up, with immediate effect. Hyundai Motor India hikes prices across all models. Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said – “In these adverse market conditions, the price increase is necessitated on account of the higher excise duty …

Nissan India up to 4% price hike from January-2014

Nissan recently announced price increase across the range of vehicles on-sale in India to minimize the impact of rupee depreciation and escalating input costs. The price increase ranging from 2% to 4%, will be effective from January 2014. The price increase will impact the purchase price of its premium hatchback Micra, sporty Micra Active, mid-sized sedan Sunny, MPV Evalia …

Hyundai Motor India announce price hike: Blames depreciation of Rupee

Hyundai Motor India Ltd. (HMIL), the country’s largest passenger car exporter and second largest car manufacturer announced the price increase across all its models.   Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said –  “In these adverse market conditions there is continuous increase in input costs on account of rupee depreciation …

Renault India announces price increase across its range, effective from January-2014

Renault India Pvt. Ltd., India’s fastest growing car company, today announced plans to increase price on its existing product range from January 2014. The hike will be in line with industry standards. The hike is due to the swelling inputs cost, which has further driven up the cost of components. Mr. Sumit Sawhney- Executive Director Sales and Marketing …