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Will April 2014 warrant car price hikes for Mahindra, Honda, Tata Motors and others


The joy that last month’s interim budget brought with it with the announcement of lower excise duties resulting in auto majors reducing car prices seems to be short lived. The recent announcement is that from as early as April, car prices from Mahindra & Mahindra, Tata Motors and Honda Cars India are set to increase.

The increase in prices of passenger cars announced by Mahindra & Mahindra, Honda Cars India and Tata Motors is chiefly to offset higher input costs and added operational expenditure which the companies have had to contend with.

cars-in-IndiaThese increased prices of models will come into effect from next month and will affect passenger cars in their range.

It was only last month that M&M reduced prices of their passenger vehicles by INR 13,000 to INR 49,000 following reduction of excise duties announced in the interim budget. Honda Cars India had also reduced prices by about INR 44,000. Each of these companies have not announced quantum of price increase which is currently under speculation. It will not be long before other auto manufacturers such as Maruti Suzuki, Hyundai and others follow suit.

About the author

Pearl Daniels

Pearl Daniels

Former freelance writer, Pearl Daniels is in the auto industry since 2011, having established herself as a widely read staff writer since 2013. Her keen eye for industry news, daily need to break down latest events, and quest to not miss a single launch detail, gives you the most refreshing morning news on weekdays.

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