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Car prices to increase from 1st April 2023, check out the car you are looking for!

carzindagi desk, Mar 31, 2023, 12:28 AM IST

Buy your choicest vehicle before April 1st 2023, because prices are going to increase considerably.

The top automobile manufacturers like Tata Motors, Maruti Suzuki have reportedly announced a price hike which will make the vehicles costlier than the present, as per Livemint. Commercial and passenger vehicles, and two-wheelers will get more expensive from 1st April 2023.

Tata Motors will increase the price by 5% on all the commercial vehicles. Apparently the growing increase in all the commercial segments eventually affected the automobile industry. However the model to model increase is not yet clear within the portfolio, within & across the segments. Adding on to the logistics, raw materials, parts, unsold inventory etc., the strict BS-VI Phase II emission rules change the actual dynamics of commerce from 1st of April this year.

This price hike rush is also witnessed in two wheeler segments to the likes of Hero MotoCorp, where 2% price increased on all two wheelers.

The car manufacturers are launching newer versions with facelifts and newer designs. This makes it tough on the customers to not to loose the trend, irrespective of price hikes!

Image Source: Respective OEM's


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