New Delhi: Auto major Tata Motors on Monday said it has increased prices of its passenger vehicles, including the Nano, by up to Rs 35,000 with immediate effect due to hike in excise duty in the Budget for 2012-13. "We have raised the prices as per the excise duty hike in the Budget. In passenger cars, the increase will vary between Rs 2,000 and Rs 8,000 depending upon various models,"...
02:17 PM, Mar 19, 2012
New Delhi: Reflecting the effect of Union Budget 2012, Maruti Suzuki India is set to hike prices of the cars with immediate affect. Union Finance Minister Pranab Mukherjee on Friday presented the Budget in Lok Sabha on Friday. Customs duty on completely built large cars SUVs and MUVs of value exceeding $ 40,000 (Rs 20 lakhs) was raised. Cars will now attract ad valorem rate of 27 per cent. With...
01:50 PM, Mar 16, 2012
New Delhi: Luxury car maker Mercedes-Benz India on Tuesday said it will increase prices of all of its models with effect from May 1 to offset rising input costs and impact of adverse currency fluctuations. "The prices of all Mercedes-Benz models will be revised upwards effective May 1, 2011 for the Indian market," Mercedes-Benz India Managing Director and CEO Peter Honegg said in a statement. While the company did not...
06:38 PM, Apr 26, 2011
New Delhi: Auto major Mahindra & Mahindra on Friday said it has raised prices of its entire range of vehicles by up to Rs 15,000 from last week. "We have hiked prices last week by 1.5 to 2 per cent on all our vehicles due to higher commodity costs," Mahindra and Mahindra President (Automotive and Farm Sectors) Pawan Goenka told reporters here. The price hike will vary between Rs 7,000...
01:47 PM, Apr 08, 2011
New Delhi: Tata Motors on Friday said it will hike prices of its passenger vehicles by up to Rs 36,000 from April 1, while rivals Maruti Suzuki India and Hyundai are also mulling a similar move in order to offset rising input costs. The companies said they are facing intense pressure on their margins and bottomline due to rising input costs. "Despite continuous cost control initiatives, the company is being...
12:50 PM, Mar 18, 2011
Company blames increasing cost of steel and copper for decision. ...
07:24 PM, Jan 13, 2010
Car prices are down between Rs 6000 to Rs 76,000 following cut in Cenvat. ...
11:15 AM, Dec 09, 2008
Many cos refused to quantify price cut, saying "we have to study fine print". ...
11:41 PM, Dec 07, 2008
Within hours of the unveiling of the Union Budget, Maruti announced its decision to hike car prices with effect from March 15. ...
10:49 PM, Feb 28, 2007
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