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Ford India plans to hike prices by up to 2% from April

LiveMint logoLiveMint 26-03-2017 PTI

New Delhi: Automaker Ford India plans to increase prices of vehicles across its model range by up to 2% from April in order to partially offset rise in input costs.

The company sells a range of vehicles in the country, from Figo hatchback to iconic Mustang sedan, which are priced between Rs4.65 lakh to Rs66.3 lakh (ex-showroom Delhi). “Owing to input costs, Ford cars will see an increase of 1-2% from April,” a Ford India spokesperson said.

Last week, Volvo Auto India announced to increase prices of vehicles across its model range by up to 2% from April.

Earlier, Honda Cars India had announced that it would hike prices of its models by up to Rs10,000 from next month to offset higher freight charges and input costs. German luxury car maker BMW had also announced that it would hike prices of its vehicles in India by around 2% from next month.

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