News on Medial

Your next car could cost more as price pressure grips India’s auto industry

Economic Times · 23d ago

Medial

Rising commodity prices, especially steel, are prompting Indian auto companies to implement small price hikes to offset increased costs. While automakers are trying to manage expenses through cost reduction and product mix changes, analysts warn that continued inflation in raw materials could challenge the industry's sustainability. Despite these pressures, the overall impact on auto makers' profits remains limited due to strategic price increases. Additionally, SUV sales in India experienced their first decline in over five years, indicating market fatigue.