The wait with the cars, at the snail’s traffic, starts at the delivery itself as companies are facing an uphill task of reducing the wait period. The price too is on the increase, as the demand for cars and bikes is facing a new coloring. Customers have the easy accessibility to buy a car or bike of their passionate choice thanks to easy financing.
This has made the makers to think about increasing the prices by 3-4%- especially by the international companies like Toyota, GM and Ford, followed by the Indian makers. The price rise is due, mainly, to in put cost, price of rubber, steel, metals etc and the appreciation in Yen.
To compensate the margin means, there will be an increase of price in January and in April, when the switch over to BS III to BS IV norms (making much investments). This sort of rise is normal according to the industry people, but this two-fold is rather strange and the rise may be more if there would be any roll down on excise duty.