Home > Automobiles > Cost Pressures Push Car Prices

Cost Pressures Push Car Prices

Rising prices are not only taking a toll on the FMCG manufacturers, a constant increase in non-food commodities is also affecting automobile makers. Higher metal and rubber prices are resulting in increase in raw material cost.

After Maruti raised its prices from August, Hyundai India plans to increase its price from September. Hyundai will increase car prices in India by around 1.2%. While price of its small car is expected to rise by Rs 3,500 , higher end versions like Sonata would become dearer by Rs 10,000, state media reports.

Toyota, is another company that has plans of raising prices, but from October.

Categories: Automobiles
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