Latest Car News in India

Wednesday, May 23, 2012

By Pawan Rana

Petrol price hiked by Rs 7.50 per litre: petrol car sales to go down, diesel cars to steal the show

Its time to set out on a journey on your new Chevrolet Spark or Maruti Alto K10. Wait, it is not an excursion but a queue for petrol at the petrol station as the price of petrol has been hiked by Rs 7.50 per litre. Since the new prices will be effective midnight, a large number of people have rushed to the petrol stations to get their car’s tank full.

The falling has its pangs – both on the nation and the pocket of the common man. This time it is in the form of the hike in petrol price by up to Rs 7.50 per litre. This translates into a ten percent hike which is sufficient to disrupt the budget of any middle class family.

Maruti Alto K10 Pictures

See More Maruti Alto K10 Photos Get Maruti Alto K10 Price


Meanwhile, there has been greater resentment among the public as well as the opposition parties against the petrol price hike and it is expected that the government will be bringing down the hike from Rs 7.50 per litre to around Rs 3-4 per litre tomorrow. But in case the price rise remains intact, it will be the highest increase ever and is sure to have a deepest impact on car sales in India.

Chevrolet Spark Pictures

See More Chevrolet Spark Photos Get Chevrolet Spark Price


Now with the rise in petrol prices there will be a big question mark on petrol driven cars prominent among them will be Maruti and Honda cars. Maruti that has almost cherished the title of being the largest car seller may have to think vigorously to replace the petrol engine in its cars by a diesel motor. But it is now almost sure that Honda cars that has purely petrol driven models only will see a sharp decline in sales as the per kilometer running cost on petrol will also increase. Resultantly more and more people will shift towards diesel cars and entry level diesel hatchbacks such as Tata Indica eV2, Tata Indica Vista, Chevrolet Beat Diesel and Ford Figo besides others will steal the show and become some of the best selling cars rather than Maruti Alto and Hyundai Eon sales could see a downfall. However amidst this, Tata Nano sales is expected to remain steady as even on petrol the small car returns a mileage of over 25 kmpl.

Latest petrol prices are: Delhi: Rs 73.15, Mumbai: Rs 78.16, Kolkata: Rs 77.53, Chennai: Rs 77.05.

Comments 7

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Savyam

Wednesday, May 23, 2012

days are not far.when we will see bullock carts running around us. HISTORY REPEATS ITSELF

Ankush

Thursday, May 24, 2012

Less than the limit the price of gasoline in many countries, it is responsible for the increased price. <br /> <br />Pakistan : Rs. 26 <br />Bangladesh : Rs. 22 <br />Cuba : Rs. 19 <br />Nepal : Rs. 34 <br />Burma : Rs. 30 <br />Afganistan : Rs.36

Riya

Thursday, May 24, 2012

Petrol is now becomes Gold in India..:)

Sanjeev

Thursday, May 24, 2012

I was planning to buy a car. If petrol price is sky rocketing like this, I have to rethink. I can't spend substantial part of my earnings on petrol prices.

Sanjeev

Thursday, May 24, 2012

petrol price may reaches upto 500 rs in upcoming years

Sonu

Thursday, May 24, 2012

This hike has disturbed the budget of common people. This is more than enough.

Navin

Friday, June 01, 2012

look at government...the poor and hungry. they want to get full his tank with rupees..

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