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Wednesday, 23 November 2011

Toyota, GM, Honda, Maruti & Audi car prices set to go up on falling rupee

Autos
Cost of cars are set to go up due to depreciation of rupee as higher input costs are forcing companies to look for an upward revision , despite the slowdown in the market. Companies like Toyota, General Motors, Honda, Maruti and Audi have said with falling rupee, they have to pay more for parts and components that are imported. 

"The rupee depreciation is adding to the cost and we will be going in for a revision from January next year,"Toyota Kirloskar Deputy MD (sales & marketing) Sandeep Singh said. Automobile News

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