You may have to pay more for these cars

Chennai: Car-makers Friday said they will hike prices of their cars by up to Rs 25,000 following a two per cent hike in excise duty on all non-oil products and also by two per cent on large cars and SUVs in the Union Budget.

'Hike in excise duty by two per cent on all car segments is on expected lines. This will result in hike of cars,' said the Director General of Society of Indian Automobile Manufacturers (SIAM), an apex industry body representing 44 leading vehicle and vehicular engine manufacturers in India.

Maruti Suzuki India (MSI) said its cars would become dearer by two per cent.

Text: IANS

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