Auto cos wary of price hikes despite hike in costs
Synopsis
Maruti Suzuki, Tata Motors and Hyundai, which together sell four out of five cars locally, are yet to take a call on price increases in 2021, although a decision is likely toward the end of this month.
Mumbai: India’s biggest automakers are yet to take a call on the quantum of price increases they will take on their popular models in the aftermath of significant input cost pressures, with the mass-market leader Maruti Suzuki launching a ‘price protection scheme’ to give its cars at old prices to customers. Carmakers have faced increased pricing pressures due to BS-VI emission conversion, safety regulations and rising input costs, but have
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