New prices are coming into effect from April, know which companies will have to pay more to buy vehicles …
If you are planning to buy a new car, then you will have to loosen your pockets and pay a higher price than before. Car companies are willing to increase the price of vehicles due to the continuous increase in the price of auto components.
The rise in raw material costs is set to trigger another round of price increases in the auto industry, with manufacturers indicating a 1-3 percent markup. Know which companies have announced to increase the price of vehicles. New prices are coming into effect from April, know which companies will have to pay more to buy vehicles…
Maruti Suzuki will also increase the prices of all its models from next month to compensate for rising raw material costs. The company said that the price hike will apply to all its models in the country.
Nissan India has announced that it will increase the prices of its vehicles from April 2021. Due to the increase in the cost of raw materials, the company will increase the prices of its entire product range from next month. The company said in a statement that the prices of all models of Nissan and Datsun will increase from April 1, 2021. The statement said that there has been a steady increase in the prices of auto components, and the company has tried to adjust this increase in the last few months.
Isuzu Motors India
Japanese automaker Isuzu Motors India has announced that it will increase the prices of its D-Max Regular Cab and D-Max S-Cab in India. There will be an increase of Rs 1 lakh on the current ex-showroom price and the new prices will be effective from April 1, 2021.
Renault India has also announced that it will increase its car prices nationwide from April 2021. The company has said that the change in prices will apply to all its model line-ups, the price increase will be according to different models and its different variants.
Toyota Kirloskar Motor
Toyota Kirloskar Motor (TKM) is increasing the prices of its models in April. Toyota Kirloskar Motor said in a statement that the company will increase the prices of its models from April 1, 2021. The company said that this increase in prices is to reduce the cost burden.
Japanese premium two-wheeler company Kawasaki has said in its new announcement that, from April 1, it is going to increase the prices of its bikes which include Ninja Sport Tour Ranger and Versys bikes. According to media reports, the new prices will not affect the Kawasaki Ninja 300 and Ninja ZX-10R.
Apart from car companies, two-wheeler manufacturer Hero MotoCorp also announced that it will increase its motorcycle and scooter by up to Rs 2,500 from 1 April. The company has said that it will increase the ex-showroom prices.
Not only two-wheelers and four-wheelers, those who buy tractors may also have to pay a higher price. Recently, Escort Limited has announced to increase the price of all its tractors. The Escort Agri Machinery (EAM) division of Escort Limited has announced that it is going to increase the price of all its tractors from April 1.
(With language input)
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