What’s behind the recent hike in car prices? : Video

In November 2021, car prices were increased by all car companies, first Kia Motors and Toyota increased their car prices by about Rs 500,000 and Rs 580,000, followed by other companies including Suzuki, Honda. , Including Proton, Changan, also increased car prices.

Car dealers and experts say a steady rise in the value of the dollar, rising prices of car and motorcycle parts in the global market and a shortage of containers in China, Thailand and other exporting countries have weighed on import bills. Car companies have to raise prices.

Experts say that if the value of the dollar rises further, the prices of cars and motorcycles may rise further in the year 2022.

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