Wednesday 2 July 2014

A Comment on Renault increasing the prices by one percent

My Comment on an article "Renault hikes prices of Duster, Scala and Pulse by one percent" published in the Economic Times Dated 02/07/2014 at 3:20 pm. 


"Costs of all products are going on increasing. This is an unavoidable circumstance. 

So considering this ever increasing cost of production, 1% price hike can be deemed as nominal and justifiable. 

If you are paying Rs.10,00,000 previously, now you may have to pay Rs.10,10,000 ie. Rs.10,000 extra on ten lacs. Nothing to worry!!!"

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