Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Is the Indian car market set for another price hike?

September 26, 2018, 02:18 PM IST by Omkar Thakur
Is the Indian car market set for another price hike?

2018 has already seen two price hikes ranging from 2 per cent to five percent across carmakers in the Indian car market. With the rupee depreciating further, the input costs are increasing by the day, and if this continues, we might have to face another hike in car prices.

Almost all the carmakers in India rely on imports, be it engines, gearboxes or knocked down kits or entire cars. Even Maruti Suzuki imports the 1.0-litre BoosterJet engine that powers the Baleno RS. Also, India imports more than a tenth of automotive grade steel. Since the rupee has depreciated by almost 5 per cent in the last quarter, raw-material costs have already inflated.

Car makers have been absorbing the added expenses over the past quarter to get an idea if and when the volatility of the currency would settle, especially with international trade hitting troubled waters created by the US policies. If the down-slide of the rupee continues, carmakers, especially the ones like Volkswagen, Skoda, Toyota and Honda will have to implement another hike of prices.

With the festive season blooming, car makers would be hoping to postpone the price hike farther away towards the end of the year which is also the phase when carmakers usually announce price hikes for the new calendar year.

Tags:Car price hike,rupee,Car price India,price hikes
Show CommentsHide Comments
  • Upcoming Cars

Tata HarrierTata Harrier

Jan 2019

16L - ₹ 22L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
Nissan KicksNissan Kicks

Jan 2019

10L - ₹ 15L
Maruti Suzuki Wagon R FaceliftMaruti Suzuki Wagon R Facelift

Jan 2019

4L - ₹ 6L
Kia SPKia SP

Jul 2019

14L - ₹ 20L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in