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Showing posts with label prices. Show all posts
Showing posts with label prices. Show all posts
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29 December, 2011 The Indian automotive industry is set to hike prices by 2-10 per cent in the first quarter of the next financial year following rise in input costs and fall in rupee, a study by industry body Associated Chambers of Commerce and Industry of India said on Wednesday.
Assocham interacted with 50 auto experts including former chairmen of various leading automobile manufacturers, dealers, auto parts traders and analysts. The survey was conducted in Ahmedabad, Bangalore, Delhi, Mumbai and Pune.
Rising interest rates, steep increase in input costs, unregulated price hike of raw material, sudden depreciation of rupee and labor pangs have affected the industry, said DS Rawat, secretary general of Assocham that released the report 'Indian Auto Industry: The Year Ahead'. Respondents opined that the industry is likely to reel under costs pressure unless the situation improves globally. More than 50% of those who took part in the survey said, profit margins of the industry might shrink further amid negative consumer sentiments due to soaring fuel prices and inflation.
Ten respondents were optimistic of the automobile industry growth on the back of sound fundamentals of Indian economy and hoped for improved industrial growth in the months to come. Those interviewed expressed shock over the sudden decline in India's industrial production.
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13 April, 2011 Car maker Nissan Motor India said it has hiked prices of its small car Micra by up to Rs 11,170 with immediate effect to offset the pressure of rising input costs.
“The hike will be applicable to both petrol and diesel versions and will be in the range of Rs 2,500 (0.5 per cent) to Rs 11,170 (2 per cent),” the company said in a statement.
The existing ex-showroom, Delhi, prices of the petrol version of Micra varies between Rs 4.06 lakh and Rs 4.36 lakh, while the diesel car is available for Rs 5.59 lakh-Rs 6.05 lakh.
The company, however, did not raise the prices of its imported models such as sports utility vehicle X-Trail, luxury sedan Teana and sports car 370Z, it added.
Commenting on the development, Nissan Motor India Managing Director and CEO Kiminobu Tokuyama said: “There has been a steady increase in the input cost over a period of time. It has come to a situation now that the price hike is inevitable and we have decided to increase the price of Micra.”
In this month, many auto makers have raised the prices of their products on account of rising commodity rates. The country’s largest carmaker Maruti Suzuki India increased prices of its vehicles across all models between Rs 1,100 to Rs 9,000 for similar reasons.
Homegrown auto major Mahindra and Mahindra raised prices of its entire range of vehicles by up to Rs 15,000. Tata Motors has also hiked prices of its passenger vehicles by up to Rs 36,000 from April 1.
Another big car maker Hyundai Motor India is also mulling taking a similar step.
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13 April, 2011 Car maker Nissan Motor India said it has hiked prices of its small car Micra by up to Rs 11,170 with immediate effect to offset the pressure of rising input costs.
“The hike will be applicable to both petrol and diesel versions and will be in the range of Rs 2,500 (0.5 per cent) to Rs 11,170 (2 per cent),” the company said in a statement.
The existing ex-showroom, Delhi, prices of the petrol version of Micra varies between Rs 4.06 lakh and Rs 4.36 lakh, while the diesel car is available for Rs 5.59 lakh-Rs 6.05 lakh.
The company, however, did not raise the prices of its imported models such as sports utility vehicle X-Trail, luxury sedan Teana and sports car 370Z, it added.
Commenting on the development, Nissan Motor India Managing Director and CEO Kiminobu Tokuyama said: “There has been a steady increase in the input cost over a period of time. It has come to a situation now that the price hike is inevitable and we have decided to increase the price of Micra.”
In this month, many auto makers have raised the prices of their products on account of rising commodity rates. The country’s largest carmaker Maruti Suzuki India increased prices of its vehicles across all models between Rs 1,100 to Rs 9,000 for similar reasons.
Homegrown auto major Mahindra and Mahindra raised prices of its entire range of vehicles by up to Rs 15,000. Tata Motors has also hiked prices of its passenger vehicles by up to Rs 36,000 from April 1.
Another big car maker Hyundai Motor India is also mulling taking a similar step.
Last week, IAB carried an article with the BMW X1’s prices and specifications. In Delhi this afternoon, BMW launched the X1 with the same specifications, variants and prices!
The new BMW X1 will be CKD (completely knocked-down unit) produced in India and the all India ex-showroom prices are as follows –
BMW X1 sDrive18i : INR 22,00,000
BMW X1 sDrive20d : INR 23,90,000
BMW X1 sDrive 20d Exclusive : INR 29,90,000
The much awaited new BMW X1 debuts in India.
Pioneering a fresh automotive trend, the new BMW X1 establishes a new vehicle segment in the premium Sports Activity / Utility class.
Agile, versatile and modern, the new BMW X1 rolls-out of the BMW Plant Chennai.
New Delhi. The new BMW X1 was launched in New Delhi in three variants: BMW X1 sDrive18i (petrol), BMW X1 sDrive20d (diesel) and BMW X1 sDrive20d Exclusive (diesel) and can now be ordered at BMW dealerships across India.
Dr. Andreas Schaaf, President, BMW India said, “The new BMW X1 is a modern vehicle that for the first time brings premium BMW characteristics into the compact vehicle segment. The new BMW X1 sets a benchmark by bringing together features of a Sports Activity Vehicle with spontaneous flexibility and outstanding fuel economy. The new BMW X1 is the perfect vehicle for customers focusing on areas such as leisure activities and lifestyle in their choice of car.”
The new BMW X1 will be CKD (completely knocked-down unit) produced in India and the all India ex-showroom prices are as follows –
The new BMW X1 sDrive18i : INR 22,00,000
The new BMW X1 sDrive20d : INR 23,90,000
The new BMW X1 sDrive 20d Exclusive : INR 29,90,000
Note: Ex-showroom price excludes RTO registration charges, tax, insurance, handling charges; Octroi and entry tax (as applicable). The above ex-showroom prices are exclusive of sales tax / VAT applicable on sale to the customer. Prices and options are subject to change without prior notice.
The new BMW X1 will be available in a range of ten exciting colours to choose from including Alpine White as non-metallic paintwork and the following metallic colours: Black Sapphire, Cashmere Silver, Deep Sea Blue, Vermillion Red, Space Grey, Titanium Silver, Sparkling Bronze, Graphite Blue and Marrakesh Brown.
The new BMW X1 sDrive18i and the new BMW X1 sDrive20d will be available in the upholstery choices: Sensatec Black and Sensatec Beige. Leather Nevada is the standard upholstery for the new BMW X1 sDrive20d Exclusive and is available in the following colours: Beige, Black and Red Brown/Black.
The new BMW X1: Description in Brief
The new BMW X1 expands and enhances the range of BMW X models by yet another innovative vehicle concept. Through its body design the BMW X1 demonstrates self-confident elegance, versatile and sporting character, as well as spontaneous agility. For the first time the features and characteristics of a BMW X model are carried over in modern style into a unique vehicle in the premium compact segment.
The interior of the BMW X1 is characterised by clear function and trendsetting, modern style. In the cockpit, the centre console is tilted slightly towards the driver so all the relevant operating functions are arranged to provide a sense of personal control. The elevated seating position, a generous feeling of space, the wide range of storage options and the variable interior offer ideal conditions for enjoying the new BMW X1 both in an urban environment and beyond.
The interior can be flexibly adjusted to individual requirements. The new BMW X1 has room for spontaneity through fully variable rear seats with separately folding centre section and adjustable backrest angle. The rear-seat backrest comes with ten-stage tilt adjustment from 1 to 31 degrees. The rear-seat backrest is divided in three parts (a split of 40/20/40) and can be individually folded down to increase the luggage compartment capacity from 420 litres to a maximum of 1,350 litres.
The panorama glass sunroof, available in the new BMW X1 sDrive20d Exclusive, creates a particularly bright ambience. Seats in the new BMW X1 are electrically adjustable on both the driver and front seat passenger sides.
A turbocharger with variable intake geometry and common-rail fuel injection gives the four-cylinder diesel in the new BMW X1 sDrive20d a maximum output of 130 kW/177 hp at an engine speed of 4,000 rpm as well as maximum torque of 350 Nm all the way from 1,750 to 3,000 rpm. It accelerates to 100 km/h in 8.3 seconds with the ability to achieve the top speed of 205 km/hr. The average fuel consumption is 15.24 km/ltr as measured by Automotive Research Association of India (ARAI) for Indian market specifications.
The 110 kW/150 hp four-cylinder petrol version featured in the new BMW X1 sDrive18i provides a similarly economical entry into the world of BMW X models. This engine delivers peak torque of 200 Nm at 3,600 rpm reaching its maximum output at 6,400 rpm. Acceleration from a standstill to 100 km/hr comes in 10.4 seconds with top speed of 200 km/h. The average fuel consumption of BMW X1 sDrive18i is 11.24 km/ltr as measured by ARAI for Indian market specifications.
All versions of the new BMW X1 are equipped as standard with six-speed automatic transmission with short reaction and gearshift times. In India, the new BMW X1 comes with the dynamic rear-wheel drive system which means the driver enjoys typical BMW agility and driving pleasure – namely precise handling, flawless cornering ability and incomparable dynamics.
- For more updates on this topic, subscribe via email or RSS Feed -Due to raise in commodity rates Auto-maker Mahindra & Mahindra recently reveal that it will increase the prices of its products across all categories in January.
From next year main car makers such as Hyundai Motor India and General Motors had also declared to raise the prices to offset the pressure from raw materials, including natural rubber.
"There will definitely be a price increase in January and we are finalizing it at present... It will be across all categories (passenger and commercial vehicles)," Mahindra & Mahindra (M&M) senior vice-president (Sales and Customer Care, Automotive Sector) Arun Malhotra told reporters in New Delhi.
Previously, one more auto-maker Tata Motors was understood to have decided to increase prices of its passenger vehicle models, except Nano and Aria, by up to 1.5 per cent from January. On the other hand Volkswagen had said it would increase the prices of its small car Polo by over 2.9 per cent with effect from January 1, 2011.
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Autocar India Editor, Hormazd Sorabjee has posted the launch date and the ex-showroom Mumbai prices of the new Audi A8 on his twitter account. He has stated that, the car will be launched in India on the 10th of January 2011.
The first variant of the new A8 to hit Audi showrooms across the country will be the 4.2 litre FSI V8 petrol producing 367 bhp of power and 445 Nm of torque. The V8 petrol will be followed up by the 3.0 litre TDI V6 diesel producing 247 bhp of power and 550 Nm of torque.
The flagship variant of the A8 range, the 6.3 litre W12 pumping out 493 bhp of power and 625 Nm of torque will be launched in the latter part of next year.
The Ex-Showroom Mumbai prices for the new Audi A8 are:
4.2 FSI V8 Petrol – 91 lakh
3.0 TDI v6 Diesel – 76.5 lakh
The new Audi A8 will be launched in India only in the long wheelbase specification.
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17 December, 2010 Indian carmaker Tata Motors plans to increase the prices of all its passenger vehicles except the Nano and the newly-launched Aria by up to 1.5 per cent from next month onwards. The price hike comes as a result of surging input costs, the Tata group company said.
Indian carmaker Tata Motors plans to increase the prices of all its passenger vehicles except the Nano and the newly-launched Aria by up to 1.5 per cent from next month onwards. The price hike comes as a result of surging input costs, the Tata group company said.
“We will increase prices for all passenger vehicles except the Nano and the newly-launched Aria,” he said.
Most of the major car manufacturers in India, such as Hyundai Motor India, Volkswagen and General Motors have also said that they would increase the prices to offset the increasing pressure from rising raw materials costs, including natural rubber.
Mahindra & Mahindra recently reported that it will raise the prices of its products across all categories in January due to increase in commodity rates.
“There will definitely be a price increase in January and we are finalising it at present… It will be across all categories (passenger and commercial vehicles),” Mahindra & Mahindra (M&M) senior vice-president (Sales and Customer Care, Automotive Sector) Arun Malhotra said.
He declined to specify to how much it could increase the price of its vehicles.
The prices of all raw materials, especially rubber and steel components, have gone up in recent times, he added.
Malhotra said the company will introduce a new pick-up truck above 1.2-tonnage carriage capacity within the first six months of the next year.
Mahindra Thar Pictures:
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06 December, 2010 General Motors India has said that it will increase its car prices by up to two-and-half per cent across models due to increasing input costs.
“We will be increasing the prices of our models between 1.5 and 2.5 per cent from January first week next year to offset rising input costs. The increasing input cost is our biggest concern. After the commodity prices reached its bottom, now all materials like steel, aluminium and rubber are rising and Some component prices have increased between 5 and 10 per cent.” General Motors India (GMI) Vice-President P Balendran said.
GM’s last price hike came in June-July this year. GM recently crossed the one-lakh sales mark in a calendar year for the first time since its inception in the country.
The company plans to enhance its dealership network to 300 from current 219 by March 2011.
“We will open more dealers in the Tier-II and Tier III cities coming days. We will increase our dealership network to 240 from present 219 by this month-end," he said adding "the dealership network will increase to 300 by March 11.”
General Motors plans to launch six new vehicles in the Indian market including, van, hatchback, small car and SUV.
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14 December, 2010 Nissan India Motor is planning to assemble its luxury sedan Teana in India in semi knocked-down condition by the end of February. This will help the company to price the competitively in the Indian market. Currently, consumers pay 110% duty on cars imported as completely built units (CBU).
“We have looked up all the option to increase volume. We are studying semi knocked-down (SKD) option for Teana,” said Kiminobu Tokuyama CEO and MD Nissan India. The SKD operation will start by the middle of next year. The car will be assembled at its Orgadan plant of Nissan-Renault in Chennai.
The Nissan manufacturing unit has an annual capacity of 2,00,000 units but it is utilising only 70,000 units for manufacturing Micra. At present, Nissan imports Teana, X trail small utility vehicle and its sports car 370Z in completely built unit from Japan.
Currently Nissan pays more than 100% duty which includes taxes such as countervailing tax, education and automobile cess. In comparison, the completely knocked-down unit (CKD) and semi knocked down unit attract basic custom duty of just 10% and even after addition of various duties it goes up to 25%.
“Import taxes on complete built vehicles are very high and make the car expensive. This has limited the growth of Teana,” said Tokuyama.
Since its launch in 2007, Nissan sold 764 units of Teana in India. The Japanese car maker plans to launch nine new vehicles in India by 2012. Of these, five models will be produced in India and four models will be imported from Japan.
will witness a hike starting at 2.9 percent.
Commenting on this, Neeraj Garg, member of Board & Director, Volkswagen Passenger Cars, Volkswagen Group Sales India Pvt. Ltd. said “We have been faced with constant rise in input cost over the past several months and have tried our best to absorb it. However, in order to continue to maintain our quality standards that our customers expect from us we have had to increase the price by a small percentage.”He further added “Customers, who book the Polo until December 31, 2010, will be able to avail their favourite car at the present prices.”The Polo was launched in India in March 2010 and has already sold more than 17,000 units as of November 2010.Manufactured in Volkswagen’s plant in Chakan, the Polo is the first locally made Volkswagen model to be launched by the European automobile major in India.Related News:
Ford, Volkswagen eye plants in north India to drive growthVolkswagen achieves sales growth of 131.9% in first nine months 2010
Volkswagen reports another delivery record for first nine monthsTags : polo volkswagen Add a comment
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From January 1 bike makers will increase prices to tackle steep rise in the prices of key elements such as steel and rubber .
Bajaj Auto has announced that it will hike prices by 1,000 for its motorcycles. Hero Honda is said to make a similiar move.
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08 December, 2010 Increasing input costs have forced carmakers to increase prices from January 1, which will enhance the sales in December. Hyundai and General Motors have already announced price hikes. And others such, Mahindra & Mahindra, Toyota Kirloskar Motors, and Ford are all set to follow suit.
“We are forced to go for the increase in the range of 1.5-2 % as major inputs like steel, rubber and other metals have shown an upsurge in the past few months,” Hyundai Motor India spokesman said.
General Motors India will increase its car prices by 3%. While natural rubber prices have doubled in recent months, copper prices have soared by nearly 15% in the past few months.
“We have been absorbing rising input costs by enhancing our operational efficiencies. But now we have to pass them on to consumers,” said Mayank Pareek, executive officer (marketing & sales), Maruti.
Tata Motors is also likely to increase the prices in the range of 2-3 % for its passenger vehicles. However, the company does not intend to increase the price of its new launches Nano and Aria, two people familiar with the matter said. “There is indeed an upward pressure on input costs. However, as on date, we cannot provide you with specific guidance on a price increase,” said Tata Motors spokesperson.
The sharp appreciation in the value of the Japanese yen against the US dollar has forced Japanese carmakers like Toyota and Honda to revise their car prices in the Indian market.
Maruti Suzuki India reported last week that it will increase prices of its vehicles soon due to input cost and impact of strengthening yen. The company is currently planning on by how much and when it could hike the prices of its vehicles.
“In the past few months the input costs have increased significantly. We have been absorbing so far through internal efficiency measure but now we have to pass it on to the consumers,” Maruti Suzuki India Managing Executive Officer (Marketing and Sales) Mayank Pareek said.
He said, “The Company has to take the call as commodity prices have witnessed a steep increase in the past couple of months.
“The price of natural rubber, which used to be Rs 100 per kg, has gone up to Rs 200 per kg. Copper price has increased by 12-15 per cent and steel has also seen a similar increase,” Pareek said.
Moreover, the yen versus dollar equation continues to be adverse with the Japanese currency gaining. These seem to be no softening of these factors, he added.
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06 December, 2010 General Motors India has said that it will increase its car prices by up to two-and-half per cent across models due to increasing input costs.
“We will be increasing the prices of our models between 1.5 and 2.5 per cent from January first week next year to offset rising input costs. The increasing input cost is our biggest concern. After the commodity prices reached its bottom, now all materials like steel, aluminium and rubber are rising and Some component prices have increased between 5 and 10 per cent.” General Motors India (GMI) Vice-President P Balendran said.
GM’s last price hike came in June-July this year. GM recently crossed the one-lakh sales mark in a calendar year for the first time since its inception in the country.
The company plans to enhance its dealership network to 300 from current 219 by March 2011.
“We will open more dealers in the Tier-II and Tier III cities coming days. We will increase our dealership network to 240 from present 219 by this month-end," he said adding "the dealership network will increase to 300 by March 11.”
General Motors plans to launch six new vehicles in the Indian market including, van, hatchback, small car and SUV.
Honda CBR 250R U.S. Price :
Honda CBR 250 R is creating the buzz around and Indian’s are waiting to burn some rubber on the Honda CBR 250R. Here is a quick update with regards to the U.S. prices which has been announced. As per the sources the Honda CBR 250R will be available in two models in the U.S. i.e. Standard Model of the CBR 250 R and the ABS model of the CBR 250 R.
U.S. Standard Model : $3999 (Rs. 1,80,000 approx as per today’s conversion rate.)
U.S. ABS Model : $4,499 (Rs. 2,00,000 approx as per today’s conversion rate.)
Earlier reports state that the price tag in India would be around Rs 1,50,000 /- Ex-showroom Delhi. It is to be noted that Honda has not mentioned it yet in an official statement however Indian experts say that Honda would price it as Rs 1,50,000 /- Ex-showroom Delhi.
The U.S. pricing has got us thinking a bit if Honda would actually launch it for Rs 1,50,000 /- Ex-showroom Delhi. If yes then expect a large amount of localization from Honda to price it at the above mentioned price. Stay tuned to follow updates on the Honda CBR 250 R Indian Developments !
Honda Rise Prices Of City, Civic, Accord And CR-V From 16th March Onwards200 Units Of Kawasaki Ninja 250R Sold In IndiaHonda To Hike Prices By Rs.10000 to 1.5 Lakhs.Honda Motorcycles Reduce PricesKawasaki Ninja 250R Launched Today In IndiaTags: Honda CBR 250 R, Honda CBR 250 R Price, Honda CBR 250 R US Price
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