The Euro IV norms set by the government of India has hit the reversal of fortune for the car buyers that the major car makers going for the price rise. These companies claim the rise in price on the grounds of upgrading the quality. GM’s cars barring Chevrolet Beat and Spark, will see the rise to Rs6000, said its VP. He justified the rise on the basis of excise duty hike imposed in the budget. The hike, second time after the budget, is necessitated by the companies due to the emission norms.
It is to be remembered that 13 major cities in India will undergo the shift of emission norm from BS III to BS IV while the other locations will move to BSIII from BSII. Hyundai’s hike will be in the range of Rs4000-Rs5000 once the BS IV comes into effect, said its RSM. Tata and M&M too on the list of price hike but the quantum of hike is to be yet known. Fiat India, Mercedes-Benz and Toyota too have the price rise in the list but wait for the implementation of the BS IV norms. SIAM claims that 1.22 million cars have been sold in the country during the period of April-2009- January 2010. This reveals the growth of 25% than the one achieved in 2008.