Ford India plans to increase prices of vehicles across its model range by up to 2 percent from April in order to partially offset the rise in input costs. The company sells a range of vehicles in the country, from Figo hatchback to the iconic Mustang sedan, which is priced between Rs 4.65 lakh to Rs 66.3 lakh (ex-showroom, Delhi).
"Owing to input costs, Ford cars will see an increase of 1-2 percent from April," a Ford India spokesperson told PTI.
Last week, Volvo Auto India announced to increase prices of vehicles across its model range by up to 2 percent from April. Earlier, Honda Cars India had announced that it would hike prices of its models by up to Rs 10,000 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 percent from next month.
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