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Car companies may increase prices in April, know how much the price will increase

New Delhi: Auto companies can increase the prices of their cars in April. It is believed that the price of the car may increase by 3-6 percent. According to officials of the Society of Indian Automobile Manufacturers (SIAM), the cost of manufacturing a car under the BS6 standard will be higher than the BS4. He told that the cost of BS6 standard petrol car will be 3-4 percent more than the cost of BS4 car. At the same time, this difference in diesel version will be 5-6 percent. According to SIAM, it will depend on the car companies to what level it increases the price of the car, but companies already facing cost pressures can increase the price of BS6 standard car.

According to car companies, the stock of BS4 standard cars has remained very low and the stock is expected to be finished by 15 March. But customers are also waiting for BS6. In such a situation, companies are not saying anything about what will happen to the BS4 car after 31 March. There may be problems in car delivery in April, according to car companies, due to the impact of the auto parts supply chain from China, the delivery of cars may be delayed in April. Companies are making cars according to BS6 standard, but they do not have stock of BS6 vehicles. There is some stock of BS4 which cannot be sold from April 1. Car manufacturing is being affected due to disrupting the supply chain from China. According to estimates by the industrial organization CII, auto manufacturing could decline by 8-10 per cent during the year 2020 if the supply of auto parts from China is affected for a long time.

According to the report of industrial organization CII, India is also largely dependent on China in terms of batteries used for electric vehicles. Three fourth of the world’s batteries are produced in China. India is completely dependent on China for lithium chemicals which are used to make cathode and battery cells.

According to the Society of Manufacturers of Electric Vehicles, many parts for electric vehicles come from China. In such a situation, the production of electric vehicles will be delayed. Delay in the construction of e-rickshaws is expected mainly. Electric vehicles account for less than one percent of two-wheeler sales.

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