Buy these cars before price hikes in New Year 2019

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The Maruti Suzuki Baleno. Photo: Reuters
The Maruti Suzuki Baleno. Photo: Reuters

New Delhi : The year 2018 is about to end and many companies are revising their product prices, terms and conditions. In the automobile industry, Maruti Suzuki India Ltd, BMW AG and some other car makers have announced price hikes from 1 January 2019 across all models. So, if you are planning to buy a car, then it is high time to make your final selection and proceed towards payment procedures. 

While low price range is the reason behind car purchase, one valid reason to book a car now is to enjoy a long drive on New Year’s day in a new car, possibly the best way to start a new year.

Here are some top brand cars whose price will increase this New Year

Maruti Suzuki

Maruti Suzuki cars start from the entry-level Alto 800 to the best-seller Baleno up to the premium crossover S-Cross priced between Rs 2.53 lakh and Rs 11.45 lakh. 

On December 5, the company has announced it will hike its car prices from January to offset adverse impact of increase in commodity prices and foreign exchange rates. “The cost of company’s vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates,” Maruti Suzuki India said.

Tata Motors

Tata Motors car models ranges from Tata Nano to Hexa SUV priced between Rs 2.36 lakh and Rs 17.97 lakh (ex-showroom Delhi). The Tata Harrier, when launched, will take on the Jeep Compass and Mahindra XUV500. The company too will increase its car prices by up to Rs 40,000 from new year’s day, just days ahead of the launch its most premium offering the Tata Harrier. 

Honda Cars India

Honda Cars India sells models ranging from the hatchback Brio to the Accord Hybrid sedan priced from Rs 4.73 lakh to Rs 43.21 lakh. The company, too, will jump in terms of selling price. The company, which sells the Amaze and City sedans in India, is currently working out the quantum of the price hike. “Our input costs are up by 4% already due to rise in input costs. In order to offset the impact we are looking to increase vehicle prices from January. We are currently in the process of working out the exact quantum of the hike,” Honda Cars India senior vice president Rajesh Goel said.

Nissan and Datsun

Nissan sells vehicles under two brands Nissan and Datsun starting from entry-level Datsun RediGo to Nissan GT-R priced between Rs 2.56 lakh and Rs 2.12 crore. It will increase prices by up to 4% across models. “The revised prices will be applicable across all available models for Nissan and Datsun, effective 1 January 2019,” the company said in a statement.

“In the wake of the global commodity price increase and shift in foreign exchange rates, we need to pass on the rising costs to our consumers,” Nissan Motor India director (sales and commercial) Hardeep Singh Brar said in a statement.

Ford India

Ford sells a range of models, from Ford Freestyle at Rs 5.23 lakh to the Ford Mustang priced at Rs 74.62 lakh. The company has said it will increase prices by up to 2.5% for all of its cars, including the popular Ford EcoSport. The price hikes of Toyota Kirloskar, BMW, Renault and Isuzu have already announced.