Fiat India to hike prices from Jan
If you have any plans to buy a Fiat car, then get it on or before December 31st as the prices are going up by about 2% from January 1st due to rising input costs. The company has officially declared to increase for its two cars Punto and Linea.
“We are going to increase prices of Linea and Punto by 2 per cent with effect from January 1,” said by Fiat India. The company is increasing prices as rising input costs in recent months have impacted margins.
Besides higher raw material prices, Indian auto makers’ margins are under pressure due to the sharp fall of the rupee against the dollar in recent months.
To mitigate these adverse impacts, auto makers such as Mahindra & Mahindra, Renault, Nissan Motor, Hyundai Motor, Ford, General Motors and Toyota Kirloskar have also announced hikes in the prices of their vehicles by up to 3 per cent from January 1.