Planning to Buy a Mahindra, Maruti, or Honda car? You Might Want to Buy Them Sooner
As a country, India has a lot of dependency on private vehicles, which makes us one of the largest consumers of automobiles in the world. There are several segments of automobiles available in our country offered by renowned automobile companies from across the globe. The availability of these many options is why every class of people in our country can afford a car of their choice.
Now, for those who are planning to buy a car this season, you might want to take your decision a bit sooner. Owing to the ever-evolving nature of technology in the automobile industry, several car companies are planning to increase the prices for their products.
Car brands such as Mahindra, Maruti, or Honda that rule the Indian market in their unique manner are all set to raise their prices. Maruti being the most trusted company attracts a whole lot of middle-class customers with their hatchback models available at affordable prices. When it comes to masculine designs and powerful engines, Mahindra & Mahindra are always ready with their SUVs offering comfort, space, and luxury. Honda approaches the market in a completely different manner by designing luxurious sedans targeting elite customers in the country.
So, why are these companies Mahindra, Maruti, or Honda raising prices for their offerings? When it comes to Maruti, the company has always offered cars at an affordable rate, since they target the middle-class segment of our country. With the introduction of technology that involves BS VI engines, the costing in designing and building a vehicle has increased drastically. According to MSI, it requires a lot of investment to meet the norms of a BS VI engine vehicle and due to this reason, they have to constantly make changes in the safety system of the vehicle as well. Since meeting the norms is an important factor for staying in the market, MSI announced an increase in the price of their products, mainly for the new Maruti Swift and Maruti WagonR.
The third largest carmaker in India, Mahindra & Mahindra has announced an increase of up to Rs.36,000 across its models. The price increase was supported by the implementation of AIS 145 Safety Norms that has become mandatory for all passenger vehicles. The AIS 145 Safety Norms will kick-in from July 1 and they state some mandate rules such as fitment of a driver airbag, seat belt reminder for driver and co-driver, rear parking sensors and over speed alert for the driver across all passenger vehicle models. SUVs that would see an increase in prices include Scorpio, Bolero, TUV300 and KUV100 NXT.
While these two companies are busy increasing prices for the vehicles to meet automobile industry norms, Honda Cars India has a different reason for increasing prices of their products. According to Honda Cars India Limited (HCIL), the cost of raw materials has gone up in the last few months. And while the company has been absorbing a lot of this expenditure so far, they have now planned to increase prices on their vehicles by up to 1.2%.
The increase in prices are expected to be implemented from 1st July 2019, so if you are planning to buy your dream vehicle, now might be the time to run to your nearest dealership and get the best deals.
Sarthak Moghe is a young, enthusiastic writer who loves modern technology and automobiles. After completing his graduation in Journalism and Mass-Communication, he stepped into the world of adulting as a content writer. When not busy on the keyboard, he likes to explore new topics and hone his sense of humour.