Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says
Tata Motors and Mahindra & Mahindra may not sharply jack up prices for their BS-VI line, matching strategy adopted by rivals.
The increase has been necessitated on account of rise in input and material costs, Hyundai said
Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they are also contemplating a similar move
In an Interview with Pavan Lall, Audi new India head Balbir Singh Dhillon talks about his company's plans to increase its market share
It is interesting that companies are talking of a price hike at a time when steep discounts are being offered on most of the vehicles and there is no waiting period in most cases
'The price hike will be across all models, although quantum will depend upon specific models'
Other automakers such as Ford, Toyota Kirloskar Motor, Skoda and Isuzu already announced price hikes from early next year
President Mayank Pareek said he expects to maintain growth trajectory on robust product portfolio like Tiago, Hexa, Tigor