Today is a very special day in India i.e. January 1, it is because, from today, the leading car manufacturers are going to increase the price of their vehicles. From today, you will have to pay more than before to buy a car, although the companies are going to increase the price of vehicles by a few percent, despite the burden on the customers' pockets is certain. The year 2020 has not been anything special for the automobile industry, where on one hand the sector was facing a recession, while the situation became worse due to Kovid-19. The condition was that the level of sales of vehicles has come down, due to which companies have suffered a lot of losses.
What are the reasons for the price rise?
New BS6 norms have been implemented in India from April 1, 2020, after which the replacement of old BS4 vehicles across the country has started selling BS6 vehicles in their place. Due to this rule, the stocks of the vehicles with the old Norms are left in large numbers. As a result, companies have suffered a lot. Along with this, the engine with new norms and its equipment is more expensive than the vehicles with old norms, although the companies have not increased the price too much due to which there is a lot of loss and these are the reasons why the car makers The price of our vehicles has to be increased.
Apart from this, due to Kovid-19, the availability of raw materials used to prepare vehicles has also been affected, due to which their prices have increased. Plastic and steel have now become costlier than before, as a result, their use will also increase the price of cars. Not only this, the production plant is now working much less than before, due to which the production speed has come down considerably and the companies are forced to suffer losses. All these reasons are responsible for the rise in the price of vehicles.
These companies will increase the price of their cars
If you talk about increasing the price then this race includes Maruti Suzuki, Mahindra & Mahindra, Skoda, MG Motors, Tata Motors, Honda Cars, Renault, Hyundai, Datsun, Nissan, Kia Motors, BMW, Ford, Volkswagen, etc. You have to pay an increased price to buy cars from these companies. The price has increased marginally but still, the burden on customers' pockets, along with discount offers can also be stopped for a few days.