Most brand cars get price hike

Close on the heels of Maruti other car makers Tata (Indica), M&M (Xylo, Scorpio and Bolero) have too increased the prices . Indica and Indigo ranges to cost higher by Rs5000-8000. M&M’s Scorpio gets the hike of Rs6400-9300, Xylo Rs4600 and Bolero to be costlier by Rs4800. These prices are applicable to new models also. The Senior VP for M&M disclosed that the chief reason for this rise is the increase in the inputs. Maruti was the first to increase the price by Rs10000 and Hyundai is on the process. Honda Siel and Toyota justify the price rise on the appreciation of Yen. Honda has another reason that imports 100% content against the earlier 25%.

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