Mitsubishi to be increased by 4-5 per cent

Mitsubishi Motors will increase the prices of different car models by 4-5 per cent from this month. After the increment the Outlander and the Pajero will become costlier by 1 lakh. Recently launched face lifted version of the Montero will also see a steeper hike because of higher import duty tax. The Mitsubishi Cedia will be dearer by Rs 50,000 and the Lancer will add an extra burden of Rs 40,000. The price is increased due to rising value of Yen. As a result, imported kits' price is increasing. The company imports most of the components. Y.V.S. Vijay Kumar (Executive Vice President, Hindustan Motors) said that in the last year and a half, the Yen had appreciated 40 per cent against the rupee. This had combined with the appreciation of the U.S. dollar, had come as a double 01765227211whammy for them. Mitsubishi hope to start assembling the Montero in the midterm.