Maruti Suzuki, Hyundai to increase Prices from June 2018
Date: May 25, 2018
Maruti Suzuki and Hyundai India set to Increase Prices from June 2018. The Price hike will soon followed by other OEM including Honda Cars India, Mahindra too
Car Prices to Increase from June 2018
Maruti Suzuki and Hyundai India set to increase Car Prices from June 2018
Both Manufacturers increased Prices of there Car Range earlier in January and now due to the fact of
» Depreciating Rupee (although the share of Part Import is very low)
» Increase in Duties of CKD Component
» Increase in Manpower Costs, Input Costs
The Price will likely be in range of 1% to 1.5%. Its expected that Maruti Suzuki and Hyundai will give major chunk of Price Hike on
» Maruti Suzuki - Baleno, Dzire, S Cross
» Hyundai - Grand i10, Elite I20, Verna
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where the Flagship Models of these Companies to get price hike. However, there is rare possibility that Maruti Suzuki will consider increasing Prices on Vitara Brezza or Hyundai on Creta - as the models got tweaks and the prices been revised recently.
Following the footsteps of Maruti Suzuki and Hyundai - its expected that other Car Manufacturers will also join the race and we may see similar announcement from Honda Cars India, Mahindra, Tata Motors, Ford India, Toyota on similar grounds
So - Care to buy New Car - its best to either buy in May 2018 or Invoice car in May 2018 and take delivery in June 2018