Source: yahoonews
Maruti Suzuki India Ltd, India's top passenger car
maker, on Tuesday raised the prices of some of its vehicles by 5,000
rupees to 10,000 rupees ($102 to $204) due to increased input costs and
foreign currency changes.
The price of the A-Star, launched in
November, rose by 10,000 rupees, while price of the petrol version of
the Swift hatchback went up by 5,000 rupees from Tuesday, it said.
Maruti is 54.2 percent owned by Japan's Suzuki Motor Corp.
Yours Truly,
Very
natural that is. Whenever the govt reduces duties the gap is filled by
price rises so that car makers pocket the money.The reasons cited are "increased input costs and
foreign currency changes". This (increased input costs) translates into as always hike in prices of raw materials,labour costs, cost of fuel etc.
Raw material-the
price of steel has come down by more than 25 % and so also aluminium
prices are falling in the international markets due to lack of demand.
Labour costs- the workers are on the tenterhooks to save themselves from impending job cuts.
Fuel Costs- crude oil is down at $ 37 per barrel.
As far as foreign currency changes are concerned, the rupee has stabilised against the US dollar after a free fall.