Buy that new car before prices rise
If you’re looking to buy a new car but still haven’t decided on which one, time is running out as most manufacturers will be implementing price hikes from January 1, 2014.
Car manufacturers have laid out their plans for 2014, and there is no respite if you were hoping for a price drop on your favourite model. Car sales have been dipping steadily in India according to reports, but this hasn’t deterred manufacturers across the board to raise their selling prices considerably to factor in increasing production costs. Many car discounts and benefits are still available but from January 1 you can expect to shell out a lot more to get that new car of yours. If you are planning to buy a car from any of these below listed manufacturers don’t wait further as your last day to get a car at current prices is December 31, 2013. Once we enter the New Year, here are the hikes which will be implemented:
The German car maker will be hiking prices in the range of 3% to 5% across its cars in India. Audi had already hiked its prices in July 2013 by almost 4% on its range of cars. Prices of popular cars like Q5 and A6 sedan were increased by Rs1.52 lakhs and Rs1.8 lakh. A similar price hike can be expected again from January 1, 2014.
After hiking prices three times earlier this year, General Motors has announced a further price hike of up to Rs10,000 on its range of Chevrolet and other cars selling in India from January 2014. The prices have been hiked by General Motors to offset input cost pressures which the industry is facing. Some of the popular cars which General Motors sells in India are the Chevrolet Beat, Cruze and Spark.
All passenger cars produced by Mahindra will face a price hike by up to 2% from January 2014. The company which sells a range of SUVs and sedans had refrained from hiking their prices earlier this year. You can expect popular car models like the Mahindra Scorpio, Duster, XUV 500, Bolero and Verito to cost more from next month.
The French auto major will be increasing its vehicle prices from January 2014. The exact range of the hike hasn’t been disclosed yet, however it’s expected to be in accordance to the current industry standards. Currently, Renault sells five models in India which include the SUV Duster and sedan Pulse.
Even though Hyundai has done reasonably well this year with its car sales, it couldn’t avoid a price hike. The company’s Vice-President earlier this month announced that a price hike in the range of Rs5,000 to Rs20,000 would be implemented on all Hyundai cars from January 2014. Prices of popular low-cost cars like the i20, Santro and the sedan Verna will cost more from the New Year.
After the recent 5% hike which was implemented in August, the German car maker has again hiked its prices by at least 7% to 10% across its range of cars selling in India. The price hike will be effective on its MINI range as well, popular for its flagship Cooper car. Currently, the BMW car range starts from Rs21 lakhs in India.
The car maker will be increasing its car prices by 2.5% on its whole range of vehicles from January 1, 2014. Earlier in January 2013, Volkswagen had increased prices of its hatchback Polo and sedan Vento. However, this time the hike will be implemented on all its vehicles.
A steep price hike of about 10% has been announced by Mercedes Benz India on their entire model range selling in the country. The price hike will come into effect from January 1, 2014. The hike will also be implemented on Mercedes Benz’s AMG series cars in India.
The country’s largest car manufacturer, Maruti Suzuki, will increase prices across its range of vehicles from January. The price hike will be specified later, however the car company had hiked prices by Rs10,000 in October 2013. The rates of Maruti cars start from Rs2.13 lakhs to Rs24.6 lakhs currently.
The auto major will increase car prices by 1% from January 2014. This hike will be applicable for all passenger cars manufactured by Tata. The car models produced by the company include the entry-level Nano priced from Rs1.5 lakhs to Aria, which costs Rs14.95 lakhs.
If you are looking to buy the Nissan Micra or the Sunny, do it soon as prices of all vehicles from the Japanese carmaker will be hiked by 2% to 4% from January 2014. The car models which have been included in the hike are Micra, Micra Active, Sunny, Evalia and Terrano.