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Thursday, Dec 02, 2004

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Maruti, Skoda mull price hike in January

Our Bureau

New Delhi , Dec. 1

MARUTI Udyog Ltd and Skoda Auto on Wednesday said that they are planning to increase prices of their vehicles in January 2005.

While Maruti did not specify the models across which it would enforce a price hike, {Scaron}koda Auto India in a statement said that the price increase would be across the entire range of Skoda cars.

Commenting on the price hike, Mr Imran Hassen, Managing Director, {Scaron}koda Auto India Pvt Ltd, said, "We are considering a move to increase the prices due to the Euro III norms coming into effect next year. The price rise will also be impacted by the fact that there has been an increase in the input costs.

"The last price hike on Skoda cars was in early 2004. Since then we have not passed any additional cost to the customer and even adjusted the possible price hike after the July Budget within our costs."

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