Ford India to hike prices up to Rs 40,000

2010 will begin with a hike on cars, as a result of price rise in copper, aluminium components. Ford India announced its decision to revise the rates from January 1 2010 in the range of Rs6000 – Rs40000. The brands from Ford India include Ikon, Fusion, Fiesta and Endeavor. This hike from Ford is on the lines of Skoda India, Toyota Kirloskar, and Fiat. Skoda’s Fabia will get the rise by Rs.10000-20000 on all its models. Toyota’s Innova, Corlla Altis and Fortuner to cost more by 2%.Fiat has increased the price for its Grande Punto and Linea by 2- 2.5% amounting Rs15000-Rs25000. The hike is mainly due to increase in the prices of base metal copper -130% and that of aluminium ($2165.25/tonne) ; rise of silver by 1.4%($19.34) per ounce.

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