Automakers Surrounded by Exchange rate volatility, growth in taxes and supply cuts of parts recently donated to their customers big shock from hiking prices.
A little of Companies that have revised their rates are Indus Motor Corporation (IMC), Kia Lucky Motor Corporation (KLMC), Honda Atlas Cars Limited (HACL) and Hyundai Nishat Motors.
Dawn.com looks at the three major automakers and the difference in their rates before and after hikes.
Indus Motor Corporation
According to the documents available with Dawn.comIMC raised prices by Rs 760,000 to Rs 3.16 million. in various models referring to the devaluation of the rupiah, the rise in taxes and fees, including capital value tax (CVT), increase in raw material prices and transport cost.
new price of Corolla 1.6 MT, AT and SE models are Rs 4.899m, Rs 5.139m and Rs 5.639m while 1.8 CVT, CVTSR and CVTSR Black models will bear new price of Rs 6.679 million, Rs 6.149 million and Rs 6.189 million respectively.
new Prices of Yaris 1.3MT, CVT, HMT and HCVT cost Rs 3.799 million, Rs 4.039 million, Rs 3.999 million and Rs 4.209 million. The Yaris 1.5MT and 1.5CVT will be priced at Rs 4.309 million and Rs 4.569 million. Revo GMT, GAT, VAT and VAT Rocco will be priced at Rs 9.819 million, Rs 10.299 million, Rs 11.349 million and Rs 11.999 million.
new rates of Fortuner LO Petrol, High Petrol, Diesel and Diesel Legender are priced at Rs 12.489 million, Rs 14.279 million, Rs 15.069 million and Rs 15.839 million respectively.
IMC has informed its dealers that these prices are indicative and preliminary only and are subject to change and should not be construed as final.
price at that time of shipping remains in effect.
Kia Lucky Motor Corporation
KLMC raised prices of another models by 500,000 to 1.1 million
new Prices of The Picanto MT and AT are 3.10m and 3.20m while the Sportage Alpha, FWD and AWD are 6.25m, 6.75m and 7.25m.
Meanwhile, Sorento 2.4L FWD and AWD cost 7.80 m and 8.50 m, and 3.5 l. also costs 8.50m.
Honda Atlas Cars Ltd
Sources at Auto said HACL has briefed its dealers about possible price rise of Rs 785,000 to Rs 1.45 million in Honda City, Civic and BR-V effective July 30th (today).
According to the documents available with Dawn.comindicative prices of City MT 1.2L, CVT 1.2L and CVT 1.5L are 4.049m, 4.199m and 4.439m.
The price of the BR-V is 5.299 million and the Civic 1.5L is 7.099 million.
