Owing to the raising input cost, Fiat today said that it will increase the prices of its models Linea and Grande Punto. Fiat has taken the decision to have the prices of the Linea and the Grande Punto increased by 2 – 2.5%. Prices would go up by about Rs.15,000 on average, and upto Rs.25,000 for some of the versions. The price increase will be effective from 1st January 2010. The prices of the Fiat Palio Stile will remain unchanged.
On the upcoming price increase for the Linea and the Grande Punto, Mr. Rajeev Kapoor, President & CEO, FIAL said, “Both the Linea and the Grande Punto have received a tremendous response in the Indian market and clocked very impressive numbers. The initial pricing of both the cars was an introductory offer so as to allow more patrons to experience these great products. Input material costs have gone up substantially and without wanting to burden our consumers too much, the cars will now be available with a price increase of 2-2.5%. The Linea & Grande Punto continue to be two of the most attractive propositions in their respective segments.”