|Model||New Price||Model||New Price|
|Wagon R-VXR||114000||Wagon R-VXL||1194000|
The company, in its circular to its authorized dealers, did not mention the reason of increasing the prices.
PSMCL increased prices of various models by Rs20,000-50,000 in March and by Rs10,000-20,000 in January.
An official in PSMCL, who asked not to be named, said devaluation of the rupee against the dollar has increased the price of imported parts which has been passed on to the consumers.
Car prices had been under pressure despite achieving higher localization claim of up to 70 per cent.
The overall import bill of completely knocked kits (CKD) rose by 23 per cent in July-April 2017-2018 to $655 million from $532mn in same period last fiscal.
These are booking prices and buyers have to wait for long time to receive the car. Normally buyers have to pay own money to get the car immediately.