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Dont wait too long, Car Prices Set to Increase in September 2020

Dont wait too long, Car Prices Set to Increase in September 2020

Car Prices set to Increase in September 2020. If you Planning to buy your Next New Car in Festival Season of October then be ready for a higher up Price

 

Car Prices Set to Increase in September 2020

Car Manufacturers already facing the heat of

  • Sales been Impacted due to Pandemic
  • Supporting Dealership by setting Funds for Dealer Partners which has what impacted Margins
  • Devaluaing Rupee, Increased Input Costs with Increased Import Duty of Parts imported from China
  • Competition Dynamics took a Paradigm Shift especially in fastest growing SUV Segment

Maruti Suzuki - Country Largest Passenger Car Manufacturer reported first ever Quarterly loss in last 17 Years. So much so that

  • Toyota did a Price hike in June 2020
  • Ford announced a Price hike in June 2020 with a substantial hike on Diesel Cars and on Petrol Cars too
  • Honda Cars India revised prices of Amaze with a hike upto Rs 7000 in July 2020
  • Renault India too increased Prices in July 2020 of Triber by upto Rs 7500.
  • Tata Motors too did a price hike of upto Rs 15,000 in Tiago, Altroz, Nexon, Harrier

With the fact that this Pandemic will continue for a long time and almost 98% recovery rate - the virus scare is no more in minds of people and business is back on tracks. 

Car Prices to Increase again as Rupee Depreciated to 70 against Dollar

To make up for lost business and increased input costs and fact that October and November would be what Festival Season Months - you can expect a Price hike Announcement from Leading Manufacturers like

  • Maruti Suzuki: Last Price hike was done on January 2020 and considering the way Maruti posed in Quarterly loss, increased input costs - a Price hike of 1% to 1.5% is well expected across Maruti Suzuki Cars in September 2020
  • Hyundai: With Creta too going to complete 6 Months in September 2020 and all new Gen I20 set for launch in September 2020 - a price hike is much due and likely can happen from beginning October 2020 across all Models
  • Kia: Kia too revised Seltos prices in January 2020 and also after adding up some features did a price revision of some Variants in March 2020. With Sonet set for launch in September 2020 - we expect that Kia Seltos and Carnival prices can be hiked in by end September 2020
  • Mahindra: Although Mahindra rather did a price correct by slashing in XUV300 Prices in August 2020, but Mahindra SUV Range - Scorpio, XUV500 can get revised Prices from October 2020. 
  • Jeep Compass: FCA India flagship SUV Compass is facing the heat from MG Hector, Tata Harrier and also fully loaded Model Variants of Kia Seltos DCT Turbo, Hyundai Creta DCT Turbo available at price of Base Model of Compass. Somehow input cost also on rise. Despite of Stiff Competition - Jeep Compass prices can also be increased by September 2020

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Important: If you seek advise or recommendation, pls raise query in Car Forum instead of posting in comments

 

Comments 6

Guest - Vijay on Wednesday, 07 October 2020 19:52

can i buy used 20000 KM 3 years old Nexon XZ+ diesel Car for occasional usage of long drive of 400 KM?
will cost me high for maintainance

can i buy used 20000 KM 3 years old Nexon XZ+ diesel Car for occasional usage of long drive of 400 KM? will cost me high for maintainance
Guest - Arpit on Sunday, 04 October 2020 20:18

Hi Sir, i booked my creta ex petrol in the last week of september 2020 with 20k booking amount. After a week the price got increased by ~80k.
Now the dealer is giving me the vehicle in increased price although i booked it before the hike. Is this legal ? can i do something about that?

Thanks

Hi Sir, i booked my creta ex petrol in the last week of september 2020 with 20k booking amount. After a week the price got increased by ~80k. Now the dealer is giving me the vehicle in increased price although i booked it before the hike. Is this legal ? can i do something about that? Thanks
Guest - satyam mishra on Monday, 05 October 2020 12:29

a new base variant has been introduced i.e. E petrol. You can modify the booking of E petrol. However, I think the dealer has a right to sell the car at the current prices.

a new base variant has been introduced i.e. E petrol. You can modify the booking of E petrol. However, I think the dealer has a right to sell the car at the current prices.
Guest - Vikas dhaka on Friday, 02 October 2020 12:30

Dear sir
Please tell me ki altroz pe october ya november me discount aayega ya nahi
Thanks

Dear sir Please tell me ki altroz pe october ya november me discount aayega ya nahi Thanks
Guest - Sumit Singh on Monday, 24 August 2020 22:36

Sir Ford figo titanium diesel pe kitta discount mil jayega abhi..?? O road price abhi 8.62 dikha raha h..

Sir Ford figo titanium diesel pe kitta discount mil jayega abhi..?? O road price abhi 8.62 dikha raha h..
Guest - kunal shekhar on Monday, 31 August 2020 23:29

Just to give you an idea... I booked Ford aspire petrol titanium Plus. The on road price was 8.60 lacs New Delhi. I got a deal for eight lakh five thousand. Having said that the discounts in Delhi a really great.

Just to give you an idea... I booked Ford aspire petrol titanium Plus. The on road price was 8.60 lacs New Delhi. I got a deal for eight lakh five thousand. Having said that the discounts in Delhi a really great.
Guest
Sunday, 25 October 2020

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