Price hike upto 3% for Ford cars in India from Jan2012

Ford India has decided to increase prices of its cars in India by three percent as a result of rising input costs and devaluation of Indian rupees in international markets. "For the last three months, the rupee devaluation is happening. The rising input costs are also hurting us. We have now decided to increase the prices of all our products by 2-3 per cent," Ford India Executive Director (Marketing, Sales and Service) Nigel Wark told media houses.

Ford is planning to hike the prices of its models with effect from January1,2012. It should be noted that Ford has already hiked the prices of its cars three times in 2011. This was not alone , Hyundai Motors has also decided to increase the prices on it's entire model range by 1.5% to 2%. These increased prices will be applicable from January next year. Another bolt from the blue came when General Motors announced that they too are planning to increase prices on their cars in India from January.

Attachment 871

The devaluation in Indian Rupees is putting substantial amount of pressure on cars manufactures which import components from overseas. These news will definitely have negative impact on growth of Auto Mobile industry in India and buyers will have to dug deep into their pockets to purchase new cars.

Guys you will shock to read about the Ford Ecosport the cheapest Mini SUV.

Ford Ecosport, the mini-SUV, is expected to hit Indian shores at the upcoming Auto Expo in 2012. Based on Ford Fiesta platform, this Ecosport SUV is a marvelous piece and has garnered a lot of praises in global market since its launch in 2004. A new 1.0 L, 3 cylinder Ecoboost petrol engine is being speculated for this new SUV along with a diesel version. Ford Ecosport is said to repeat the wonders done by Ford Figo in India. Ford Ecosport price will be somewhere around Rs 8 lakh-Rs 12 lakh as expected by car pundits.

The affordable price will also be due to the length of this crossover which will not exceed 4 metre and thus attract the government’s levy applicable on all sub 4-metre cars. To keep the price in check Ford Motors is considering building this compact SUV in India itself. Ford Ecosport SUV will create a niche market in India where affordable mini-SUVs are still a far flung entity.