Car prices to go high

Pick it on the arising cost of raw material or new emission principles, if you are designing to buy a new auto do it before the yr end, for you might have to shell out a little special from your pouch commencing next class. 


Top companies like Maruti Suzuki, Hyundai, G and Toyota have denoted that their automobiles will be dearer from Jan 2011 and tolls may go up from around 1.5 pct to 2.5 pct depending upon different automobile modelings.While almost every year, companies do give a warning about damage ascent in order to force sales events in Dec, a relatively low-sale calendar month, the motility is also influenced by a surge in demand. 

Honda Accord

"In the past few months, the comment costs have increased significantly. We have been absorbing so far through internal efficiency but now we have to clear it on to the consumers," Maruti's Managing Executive Officer (Selling and Sales), Mayank Pareek said. "We are currently doing work on it (amount of rise) but it is certain that we have to get up mary leontyne prices." . 

Mayank also said commodity prices had witnessed a steep increase in the past couple of months. "The price of natural rubber, which used to be Rs 100 per kg has gone up to Rs 200 per kg. Copper price has increased by 12%-15 % and the cost of steel has also seen a similar increase." 

While companies back up their damage revise promulgations with coming up remark monetary values, industry witnesses say it? s an "yearly ritual" that all companies pursue in around Dec to shore up sales agreements. "Dec is usually a dull calendar month for companies as peoples hold over new purchases till Jan." Hyundai also indicated that the company will increase terms of its cable cars from January 1, 2011.