Maruti Suzuki India raised prices across their entire line-up of vehicles at a scale of Rs.1500 to Rs.8014 with immediate effect. However, their new offering Ignis has been excluded from this price hike which was said to have been initiated due to the price hike in commodities, transportation and administrative costs. All other vehicles sold through both Maruti Suzuki and Nexa outlets will be subjected to this increase in price.
Apparently, the end of 2016 had witnessed companies like Hyundai Motor India, M&M, Nissan, Toyota, Renault, Tata Motors and Mercedes Benz announce plans to increase prices on select models with effect from January 2017 owing to input costs and impact of foreign exchange rates. As for Maruti Suzuki, this is the second price hike in the current fiscal year. Last year in August 2016, MSI had increased Rs.20000 on Vitara Brezza, Rs.10000 on Baleno and Rs.1500- 5000 on a couple of other models. Although, India’s largest carmaker hasn’t yet announced the model-wise hike for now, the price hike is applicable on its entire line-up ranging from the Alto 800 to the premium crossover S-Cross.
Vitara Brezza and Baleno were among Maruti’s best sellers in second half of 2016 with a long waiting period. However, with the opening of their new plant in Gujarat in February, this waiting period is expected to come down as the company plans to produce as much as 15000 units of Baleno in the first quarter of 2017. Similarly, the Ignistoo has been reported to be performing well with more than 10000 bookings in last couple of days with a waiting period of 2 months on few variants. It is important to note that the country’s auto market leader continues to top the charts in spite of the increasing competition with new and updated vehicles streaming in here.
Volvo launched their premium SUV, XC60 in a new avatar at a price of Rs.55.90 lakh. The second generation model appears in only one variant named Inscription and is based on the company’s in-house developed SPA platform.
Jaguar Land Rover launched their much anticipated SUV offering, Range Rover Velar in India at a starting price of Rs.78.83 lakh. Bookings for this vehicle had already begun in the beginning of this month. The Tata Motors owned company has now officially revealed the prices of the different variants of this particular model that has its base variant priced at Rs.78.83 lakh and top end variant at Rs.1.37 crore.
• Maruti Suzuki Ignis to be launched on 13th January 2017
• Addressed as a premium urban crossover, Ignis comes with a lot of unique features for the Indian specific model
• Available in both Petrol and Diesel trims and expected to be priced around Rs.5-7 lakh approximately
Hindustan Motors has signed an agreement with Peugeot, selling Ambassador Brand and certain related rights at a sum of Rs.80 crore. It also said that the proceeds of the sale will be used to clear all pending dues of employees and lenders.
Maruti Suzuki has launched the New Swift 2017 in Japan and it is just months away to the Indian launch. It is expected to reach India in the second half of 2017 and there has been some real buzz about it for quite some time now.
The unique and most loved car since 2005 has chosen a new avatar for the 2017 launch and is being awaited by the enthusiasts all over.
Honda WR-V (Winsome Runabout Vehicle), the sub compact crossover was unveiled at the 2016 Sao Paulo Motor Show in Brazil. Now, Honda is about to launch the same here in the country on March 16th, 2017. As WR-V rolls here, India will earn the name for being the first country to produce and launch it in the world. Previously named as the Jazz Twist, this crossover is based on the company’s best seller Honda Jazz but is slightly longer and taller than the latter.