Fiat Grande Punto India Price Hike 2009

I just got a call from the Sundaram Motors Bangalore and the dealer told me like there will be a price Hike in Fiat Punto (Fiat Grande Punto, India) on 2nd October 2009, i.e. tomorrow and if I want to buy it at the lower price, I need to book it now! I was skeptical about it and did a little search on the internet about it and found this news about Fiat India in Business Standard.

It reads the following:

Carmaker Fiat India Automobiles today said it will consider raising prices of its products as the margins are under pressure.

“There are no margins left … We may look at revising our prices upward,” Fiat India Automobiles President Rajeev Kapoor told reporters on the sidelines of the SAIM annual convention here.

The company expects sales to cross 27,000 units this year on the back of newly launched small car Grande Punto and sedan Linea.

Kapoor also said the company would start exporting Linea to South Africa from September this year.

Fiat India Automobiles — the 50:50 joint venture between Italy’s Fiat and Tata Motors, has recently arranged Rs 2,500 crore financing for completing the construction of its manufacturing facility at Chakan.

Fiat had announced Rs 4,000 crore investment in India operations.

I am confused whether I should book it now or should I wait for some time. I will really appriciate if anyone can share some insight on this.

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