Car Prices Set to Increase in April 2021. Price Hike from Maruti Suzuki, Hyundai, Honda, Nissan, Renault, Tata Motors, Mahindra and others
Car Price Hike from April 2021
Car Companies Set to Increase Prices from April 2021 and would be like Substantial Price Hike
Rising Input Costs in terms of
- Commodity Prices as Increasing Steel Prices
- Increase in Copper and Rubber Prices
- Depreciating Rupee where INR hovering at Rs 72 to 73 Levels
- Import Duty Hike on Automotive Components
- Competitive Pressure, Channel Partner as Dealer Showroom Pressure on higher Margins, Hike in Salaries
all will be what leading to Price hike by Car Companies in April 2021 and to start with Maruti Suzuki, Nissan and Renault India officially announced Price Hike in next month.
Its anticipated that Price Hike in range of Rs 4000 to Rs 25,000 may happen on Maruti, Nissan and Renault Cars with both Magnite, Triber and Popular range of Maruti as Vitara Brezza, Dzire, Ertiga, Wagon R, Baleno will all witness steep Price Hike
While, official announcement so far came from these Companies, Other Passenger Car Manufacturers may also announce a Price Hike been they part of similar condition
We Expect that Car Manufacturers will announce Price Hike in April 2021 as
- Hyundai India for Creta, Venue, Grand i10 Nios
- Kia Motors for both Sonet and Seltos
where again Substantial Price Hike can happen in range of Rs 10,000 to 20,000
and even can witness Price hike of other Popular Cars as Tata Altroz, Nexon, Mahindra XUV300, Honda Amaze, City and Toyota Urban Cruiser, Yaris too
If you considering Luxury Car like Audi, BMW, Mercedes been Import Duty hike on Automotive Components - expect Price hike to be rather substantial
How to Beat Price Hike in April 2021
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Well, if your Car has arrived at Dealer Stockyard - only way to beat Price Hike is ask dealer to Invoice the Car in March 2021, else revised Prices would be applicable with immediate effect as and when the same announced by Car Manufacturer in April