SME Times is powered by   
Search News
Just in:   • Merger of BoB, Vijaya, Dena banks in 4-6 months: BoB MD  • Trump to slap tariffs on $200 bn worth of Chinese goods  • Encourage greater value addition for MSMEs, Prabhu to G20  • Rupee hits fresh lifetime-low again, now at 72.97/$  • Apple iOS 12 with new tools now available globally 
Last updated: 20 Mar, 2018  

Car.9.thmb.jpg Automobile manufacturers to hike vehicle prices

car-auto-accessories2010.jpg
   Top Stories
» Encourage greater value addition for MSMEs, Prabhu to G20
» Rupee hits fresh lifetime-low again, now at 72.97/$
» Nasscom to mentor 100 tech startups every year
» Goyal inaugurates first ever India tourism Mart 2018
» Jaitley hints at no immediate cut in fuel prices
SME Times News Bureau | 20 Mar, 2018
Automobile manufacturers have announced that they will hike vehicle prices, effective April 1, 2018 due to rising input costs.

According to Tata Motors, it will increase prices of its entire passenger vehicles range by up to Rs 60,000 due to rising input costs. The new prices will be effective from April 1, 2018.

"The rising input costs, changing market conditions and various external economic factors have compelled us to consider the price increase but we are optimistic on maintaining our growth trajectory in the coming year on the back of our robust product portfolio like Tiago, Hexa, Tigor and Nexon," said Mayank Pareek, President, Passenger Vehicle Business, Tata Motors on Tuesday.

In addition, Nissan India also announced that prices of Nissan and of Datsun vehicles will be increased by up to 2 per cent across all available models.

Nissan currently offers the Micra, Sunny and the Terrano and Datsun offers the Datsun GO, GO+ and redi-GO in India.

"Due to rising input costs, we will be increasing the price of our Nissan and Datsun cars with effect from 1st April, 2018," said Nissan Motor India's Managing Director
Jerome Saigot.

"We are confident that our cars will continue to offer excellent value and choice to our customers."

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 18 Sep, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» A GeM of opportunity(9)
» Starting an import export business: Basic guide for beginners(3)
» GeM mission launched to promote MSMEs, start-ups: Prabhu(1)
» CAD rises to $15.8 bn in first quarter on high trade deficit(1)
» AI start-ups blossom in India, need big dollars to grow(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter