Latest Car News in India

Saturday, June 02, 2012

By Pawan Rana

Mahindra cars to cost more due to fall in Rupee value

Car lovers will have to pay more to buy Mahindra XUV 500 or Mahindra Verito and other Mahindra SUV/MUV cars as the company may increase prices due to fall in the value of the rupees. The rupee has been losing value against major currencies of the world including dollar. It’s a bad sign for auto industry. The depreciation in the value of the rupee has become a cause of concern as it has weakened economic activities in the country. Following it, the demand of cars has also decreased and the manufacturing cost of the commercial and passenger vehicles have increased.

Mahindra XUV 500 Pictures

See More Mahindra XUV 500 Photos Get Mahindra XUV 500 Price

If the sources are to be believed, Mahindra & Mahindra may increase prices of all its car and SUV variants by 10% to 15%. As the value of rupee depreciated it resulted in increase in manufacturing cost of vehicles. Mahindra & Mahindra has to import many components from other parts of the world. The company has to pay increased prices of company, so it has decided to offer the commercial and passenger vehicles to its customers at an increased price. It will be the end-users of the vehicles which would face the impact of fall in the value of rupees.

Mahindra Verito Pictures

See More Mahindra Verito Photos Get Mahindra Verito Price

Among the vehicles that would be offered in increased prices will be Xylo, Verito and Mahindra Bolero. Besides, XUV500 will also be sold at increased prices by 10%. Its not only Mahindra & Mahindra but the other car makers are also planning to increase prices of their vehicles due to fall in the value of rupees. Car companies in India are facing a different and difficult situation. The demand of cars has taken a dip due to increase in petrol prices while the manufacturing cost of the vehicles has increased. The market experts said that the car companies have to take a call on increasing demands. Some of the car companies such as Fiat is offering huge offer on Fiat Linea TJet petrol as the demand has slowed down due to rise in petrol prices. Also, the increased cost of imported components pushed up the manufacturing cost prompting the companies to raise their prices.

Comments 4

user image


Monday, June 04, 2012

Will mahindra XUV 500 price may fall due to rupees value.

Lucky Singh

Monday, June 04, 2012

Mahindra XUV 500 front side is look like luxury SUV.


Monday, June 04, 2012

We must do something to increase the value of our currency Rupees. It will be of our loss if our currency will not get its value. We must use our Indian products.

Vikas Jain

Friday, June 08, 2012

XUV 500 looks are awesome with engine performance...rear look are very unique.... <br />

Book A Test Drive

Click Here