Companies

Jeep Compass variants to turn costlier from January

PTI New Delhi | Updated on January 09, 2018 Published on December 14, 2017

Speeding ahead: The plans to grow the Jeep brand in India will lead to capacity increasing by 50 per cent to 2.4 lakh units annually at the Ranjangaon facility near Pune   -  BusinessLine

Automaker FCA India today said it will increase prices of high end variants of its premium SUV Jeep Compass by up to Rs 80,000 from January. The company, however, would not hike price of entry level variant of the model.

“Customers have appreciated the competitive price positioning of the Jeep Compass since launch. Effective January 1, 2018, prices will increase by 2-4 per cent, except for the entry level variant,” FCA India President and Managing Director Kevin Flynn said in a statement. However, the price of the entry level variant of the model will be maintained at Rs 15.16 lakh (ex-showroom), he added.

Launched in July, the model comes in three trims - Sport, Longitude and Limited. Price of Longitude variant starts at Rs 17.13 lakh, while Limited variant is tagged between Rs 18.68 lakh and Rs 21.73 lakh (ex-showroom). FCA India said sales of the model have already crossed the 10,000 units milestone in just four months of launch in the country.

The company has shipped 600 units, the first batch of the Ranjangaon-manufactured Jeep Compass to Japan and Australia in October. This year, the vehicle is already on sale in Japan.

“We are indeed proud to cross the 10,000 sales milestone and we are confident to continue with this great momentum in the new year as well,” Flynn said.

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Published on December 14, 2017
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