<p>"We are going to increase prices of Linea and Punto by two per cent with effect from January 1," a Fiat India Automobiles spokesperson told PTI.<br /><br />The company is increasing prices as rising input costs in recent months have impacted margins, he added.<br /><br />Besides higher raw material prices, Indian auto makers' margins are under pressure due to the sharp fall of the rupee against the US dollar in recent months.<br /><br />To mitigate these adverse impact, auto makers like Mahindra & Mahindra Renault, Nissan Motor, Hyundai Motor, Ford, General Motors and Toyota Kirloskar have also announced hikes in the prices of their vehicles by up to 3 per cent from January 1.<br /><br />Auto major Mahindra & Mahindra said it will raise the prices of its entire range of vehicles by up to 3 per cent from January 1.<br /><br />While Renault India will hike the price of its sports utility vehicle Koleos by Rs 1 lakh from January 1, Nissan Motor India is hiking the prices of small car Micra and the petrol version of premium sedan Sunny by up to 2 per cent.<br /><br />The country's second-largest car maker Hyundai Motor India will also raise prices of its vehicles by 1.5-2 per cent from January next year. Ford India said it will raise prices of its entire range of models by 2-3 per cent.<br /><br />In a similar fashion, General Motors India has announced that it will raise prices by 1-2 per cent from January, 2012. It will also hike the price of its Beat diesel model by Rs 15,000.<br /><br />Toyota Kirloskar Motor, too, had announced a price hike of 1.5-3 per cent across models manufactured in India from January 1, 2012.<br /><br />Other car-makers, including Maruti Suzuki India, are also mulling a price hike to offset the impact of depreciating rupee and rising input costs.</p>
<p>"We are going to increase prices of Linea and Punto by two per cent with effect from January 1," a Fiat India Automobiles spokesperson told PTI.<br /><br />The company is increasing prices as rising input costs in recent months have impacted margins, he added.<br /><br />Besides higher raw material prices, Indian auto makers' margins are under pressure due to the sharp fall of the rupee against the US dollar in recent months.<br /><br />To mitigate these adverse impact, auto makers like Mahindra & Mahindra Renault, Nissan Motor, Hyundai Motor, Ford, General Motors and Toyota Kirloskar have also announced hikes in the prices of their vehicles by up to 3 per cent from January 1.<br /><br />Auto major Mahindra & Mahindra said it will raise the prices of its entire range of vehicles by up to 3 per cent from January 1.<br /><br />While Renault India will hike the price of its sports utility vehicle Koleos by Rs 1 lakh from January 1, Nissan Motor India is hiking the prices of small car Micra and the petrol version of premium sedan Sunny by up to 2 per cent.<br /><br />The country's second-largest car maker Hyundai Motor India will also raise prices of its vehicles by 1.5-2 per cent from January next year. Ford India said it will raise prices of its entire range of models by 2-3 per cent.<br /><br />In a similar fashion, General Motors India has announced that it will raise prices by 1-2 per cent from January, 2012. It will also hike the price of its Beat diesel model by Rs 15,000.<br /><br />Toyota Kirloskar Motor, too, had announced a price hike of 1.5-3 per cent across models manufactured in India from January 1, 2012.<br /><br />Other car-makers, including Maruti Suzuki India, are also mulling a price hike to offset the impact of depreciating rupee and rising input costs.</p>