Master Changan Motors Limited (MCML) has increased car prices by up to Rs. 520,000. Like its competitors, the company has blamed the GST hike for the increase.
Effective immediately, the new prices are as follows:
|Models||Old Price (Rs.)||New Price (Rs.)||Increase (Rs.)|
|Alsvin 1.3 Comfort Manual||3,929,000||4,149,000||220,000|
|Alsvin 1.5 Comfort DCT||4,239,000||4,699,000||460,000|
|Alsvin 1.5 Lumiere DCT||4,599,000||4,999,000||400,000|
|Oshan X7 Comfort||8,069,000||8,549,000||480,000|
|Oshan X7 FutureSense||8,679,000||9,199,000||520,000|
Nevertheless, Changan’s products are among the most cost-effective in their category.
In January, Changan celebrated the sale of more than 40,000 units in the previous two years. The company claimed that it had surpassed several major automakers to become the largest automaker by sales volume.
According to details, MCML’s sales are mostly driven by the success of the Karvaan minivan and Alsvin sedan. While Changan’s progress is promising, the recent production and sales decline in the industry may take a toll on its growth as well.
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