Many Automobile Company have been initiated planning to hike their respective Prices of their different Brands of Cars along with rising Prices in the cost of materials including rising Labour Cost.
All most all the Car Manufacturers of India decided to refurbish the Market rates from the Eve of New Year 2018 except two Brands of India Hyundai and Maruti. Even Top Officials of these company also did release their so called intention not to increase the Prices of their Brands of Four Wheeler despite Other National and International Brand’s intention to Hike from the Starting of New Years.
Hyundai and Maruti have different categories of Brands of Four Wheeler with very High, Middle Ranged including Low ranged Cars as per the Multi Dimensional Consumers availability in Indian Market.Company Managements did not intend to displace these Ranges with intention of Refurbished Price Ranges.
This Unprecedented Mindset to increase Car rates may not decrease demands among common Men and Middle Class People who fully Depend upon these low and medium ranged Price Tags of Hyundai and Maruti for Which these Company’s Management did not intend to Change.