Customers are to shell out more money for buying cars
With the implementation of BS IV norms in the country, the car makers in the country and the world are at the helm of increasing the price. The hike will be in the range of 0.5- 3% this week in addition to the 2% made last month. The companies justify the hike on the ground of cost in modifying or going for the upgrading of the engines to meet the BS IV norms. The major change in the system is the electronic control unit which sets the motion for the new engine norms.
Hyundai has set the hike, effective 1 April 2010, to 1-1.5% for petrol versions and 3% for the diesel versions. General Motors is increasing by 0.5-1.5% in another two days(except for Tavera), said its VP for Corporate Affairs. Without any specified date or the range , Maruti and Tata Motors are also in the mood of hiking the prices. Maruti is on the anvil of exhausting its M800 in 13 cities coming under BS IV norms. Honda is to announce its hike on 2 April and Toyota is fixing the hike to 1-3 %.
Two wheelers do not undergo any hike as indicated by Hero Honda. The price hike comes in the wake of increase in the excise duty slashed by the government of India in its new budget. The next paradigm is on the shift to BS III from the current BS II, which will come into effect from April-October starting from Goa this month. Thus, the cities of India will be categorized as per the BS II, BSIII and BS IV norms. There should be mingling of these fuel norm which will end up with the decay of the engine, said the officials of Indian Automobile.