Cars, bikes and tractors become expensive, 2 airbags rule in car also applied; estimated record sales of vehicles
A new financial year has started today. This is going to have a direct impact on the auto industry. Many automobile companies are about to increase their vehicle prices. At the same time, companies will also release last month’s sales figures. All of these will have a direct effect on you. We are aware of all these changes taking place from today.
Auto companies will release sales figures
Every month on the first date, companies release their sales figures. In such a situation, these figures will be released today. However, according to the Nirmal Bang Institutional Equities Research Company, there is going to be a tremendous increase in sales of auto companies in March 2021. Almost all companies, including Maruti, Mahindra & Mahindra, Bajaj Auto, Hero MotoCorp, TVS Motor Company, will see an increase in sales.
Maruti and Nissan cars are expensive
From today itself Maruti is also going to make its cars expensive. According to sources associated with the company, the prices will be increased from 3% to 5%. That is, more and more cars can be expensive up to Rs 47,000. The company can make the initial model Alto 800 the least expensive and luxury cars like Brezza, Ciaz, and XL6 more expensive. At the same time, Nissan India also announced an increase in the prices of its cars from 1 April.
Escorts tractors will also be expensive
The tractor and Agri machinery of the farm equipment company Escorts Limited is going to be expensive from today. The company had said that this decision has been taken due to the steady increase in commodity prices. It will release a list of how many rupees the company will raise on which model. The increase will vary according to the model and variant. The biggest reason for the increase in prices by most companies is the increase in steel prices.
Hero MotoCorp’s bikes will also be expensive
From today, Hero MotoCorp is going to increase the prices of its bikes. Hero MotoCorp said that it will increase the price of its two-wheeler by up to Rs 2500. How much money will be increased on which model of bike and scooter will be decided according to the market. The company is rolling out its cost-savings program to reduce its impact on customers’ pockets. The company said that the prices of raw materials are continuously increasing. Especially steel prices have gone up by 50% within a year.
Front airbags mandatory for safety
Safety will be available in every car sold from today. Actually, the government now makes it mandatory for the front passenger with the driver to have an airbag. The proposal was sent by the Law Ministry to the Ministry of Roads and Transport, which was accepted. From today onwards, the rules related to safety are going to apply. From today onwards, two safety airbags will be available in every car sold. That is, two airbags will also be found in the base variant of the car.
