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Old 11th May 2008, 07:16   #1
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Default Price hike for cars started...

Source ET:
NEW DELHI: Homegrown [COLOR=blue][COLOR=blue ! important][FONT=Arial,Helvetica,sans-serif][COLOR=blue ! important][FONT=Arial,Helvetica,sans-serif]auto[/FONT][/COLOR][/FONT][/COLOR][/COLOR] major Mahindra & Mahindra today announced to increase the prices of its products by up to Rs 21,000 across all categories, driven by rise in the input cost.

The increase will be effective from May 19, 2008 onwards, post which the consumers will have to shell out Rs 3,450 to Rs 21,000 more to buy the company's vehicles.

"M&M has announced an upward revision in prices of its vehicles in the range of 1.5 - 2.5 per cent (Rs 3,450-Rs 21,000). This has been necessitated by a significant increase in input costs. The increase in prices will be effective from May 19, 2008," the company said in a release.

The company, however, has not changed the price of 'Logan', produced by its joint venture with Renault.

M&M is present in passenger and commercial vehicle segment with brands like Scorpio, Bolero, Invader, Maxx, Marshal Ambulance and Commander 650.

The company also has presence in farm equipment sector with its tractor models.
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Old 24th October 2008, 20:26   #2
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Maruti hikes prices -

Maruti hikes prices on select models by Rs 6,000- Automobiles-Auto-News By Industry-News-The Economic Times

Where is the imminent depression?
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Old 24th October 2008, 20:32   #3
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With the rise in i/p costs of the components, this was inevitable. As it is the interest rates on loans are also too high, will there be any takers for this? OR they might be hoping that the interest rates may come down as RBI has decreased repo rates by 1% lst week.
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Old 24th October 2008, 20:47   #4
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Quote:
Originally Posted by snaronikar View Post
With the rise in i/p costs of the components, this was inevitable. As it is the interest rates on loans are also too high, will there be any takers for this? OR they might be hoping that the interest rates may come down as RBI has decreased repo rates by 1% lst week.
Most banks are not in the mood of cutting rates so people buying Maruti cars will have to shell more.
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Old 24th October 2008, 20:52   #5
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If cars aren't selling, won't the prices some down?
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Old 24th October 2008, 21:52   #6
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Hold your buy ! I think this may not be the right time to shell out your money...
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Old 25th October 2008, 09:26   #7
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Default MUL announces price hike

MUL announced a hike of 2 - 6 thousand, With the
SX4 going up by Rs 6,000,
Swift Petrol is up by Rs 4,500,
Alto by Rs 2,500,
Zen and wagon R by Rs 3,000,
M800 by Rs 2,000,
Versa by Rs 3,500 and the
Omini by Rs 2,500
The Swift Dezire and Swift Diesel Remain the same.

All kinds of reasons cited, but the interesting one was the price of steel, I know it's true but is the Dezire and Swift diesel are made of fiber glass or what?


Anyways, all the Suzuki's have gone up!

Mods: please merge if necessary

Last edited by johnda : 25th October 2008 at 09:27.
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Old 25th October 2008, 09:35   #8
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Well they might have absorbed the costs of the Dzire and the Swift Diesel. They could also have made up for the increase by adjusting it with the other cars.
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Old 25th October 2008, 10:14   #9
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i wonder why they increased the prices? Recently Haryana govt. reduced the C.S.T by 1% for maruti. I was expecting the same to passed on to customers this diwali.
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