Carmakers to implement price hike in 2013
Almost all the car manufacturers are set to implement a price hike across their line-ups from January, 2013. Effective January, 2013, a range of car companies will hike prices across their model range. Car manufacturers are reeling under the pressure of a depreciating rupee value and rising input costs, and are subsequently looking to clear out their current year’s inventory. While the obvious upshot is that carmakers are offering sizeable discounts on their cars currently, the downside is that these discounts will be short-lived, with 2013 bringing in the said price hike. Renault will action a 1.5 percent price hike across its entire model range from January, 2013. This includes its Pulse hatchback, Scala saloon, Duster SUV, Fluence saloon and Koleos SUV. Luxury car manufacturer Mercedes-Benz will also implement a 1 – 3 percent price hike across its product portfolio, effective January, 2013. Toyota and Mahindra will hike prices of its entire model line-up with a 1 – 2 percent and 2.5...