Fiat India is planning to hike the price of its high-end hatchback, the Grande Punto, sometime soon. Launched in June 2009, the car currently costs Rs 3.99 lakh for the 1.2 litre petrol variant and Rs 4.66 lakh for the 1.3 litre diesel variant (ex-showroom Delhi). After the price hike, it will be costlier by Rs 10,000-12,000 across variants.
A Fiat India representative said that though raw material prices have increased considerably, the Punto will see only a marginal price-hike. Over the past 6-9 months, there has been a significant increase in steel and tyre prices. Most auto companies have so far avoided a hike in vehicle prices, but if raw material costs escalate further, other carmakers may soon follow in the footsteps of Fiat.
