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Car prices may go high by next year

Published On Dec 25, 2008 04:27 PM By Ritesh

 The prices of some of the big company cars are likely to go high as it seems to be a strong decision by most of the big companies, to reduce the company vehicle prices. All the different car models are presently  available at different attractive price ranges all at the end of the year. All these reduced prices of the various models were even more attractive in case when came the effort of government in reduction of 4% decrease in the excise duty of the various models. Among these companies includes the Toyota group, according to whose one official the prices are expected to go high from January one only. Multi-utility vehicle Innova would cost Rs.10,000 to Rs.25,000 more than before while the other car Corolla Altis would be more costlier by Rs.16,000 to Rs.25,000. These companies believe that the circumstances are going beyond the control, and that too because of the rupee-dollar exchange rate which is prevalent since the previous three months. Even in such harsh situations the only company which is not going to show the price hike for their models are Maruti and Hyundai. But sooner they will certainly raise the price money for their different models.

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