Team-BHP
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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.
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.
Quote:
Originally Posted by snaronikar
(Post 1028860)
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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Most banks are not in the mood of cutting rates so people buying Maruti cars will have to shell more.
If cars aren't selling, won't the prices some down?
Hold your buy ! I think this may not be the right time to shell out your money...
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
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.
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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