Car prices in India set to rise by as much as 5%

If are looking at buying a new car now may perhaps be the best time.Cars makers are all set to increase prices by as much as 5% due to rising costs and this cut is not limited to any particular manufacturer but all are likely to follow suit.

If you like the Maruti Dzire hurry up and buy the car.Maruti have made it very clear that the present prices are only introductory and may see a rise soon.GM,Toyota have hinted of a price rise in the near future,so if you want have any plans of buying your dream car hurry.

Business standard has done a calculation and here is what it could mean to you:

A 5% increase would mean* (in Rs)

Maruti Suzuki ->10,000-75,250
Hyundai ->14,100-82,400
Tata Motors ->16,850-58,300
Skoda ->35,000-90,000
Ford ->25,300-31,100
General Motors ->15,800-93,100
Fiat ->17,500-22,000
Honda ->35,800-98,000
Toyota ->36,000-1,10,000

* Prices are based on calculation of a rise of 5 per cent on models ranging from the lowest priced to the premium priced. Prices that were taken for this were all ex-showroom, Mumbai


[Source:Business Standard]