Here is the list of all the major developments in the auto space
Car manufacturers say they are no longer able to bear the cost pressures that they were trying to keep at bay since a few months. And so the list of number of companies declaring a hike in January is growing by the day. Here is the list of all the major developments in the auto space along with a brief write up on the need to switch to reporting retail numbers from wholesales.
Maruti to hike prices, VW by 3% from January
Maruti Suzuki India Wednesday said it will increase prices of its vehicles across various models from next month to offset adverse impact of increase in commodity prices and foreign exchange rates. The company, however, did not specify by how much the prices of its vehicles would increase
German auto major Volkswagen on December 7 said it will increase prices of its products in India by up to 3 per cent from January 2019 citing rising input costs. Following dynamic changes within the economy and rising input costs followed by a depreciating rupee, there has been a foreseen requirement to increase prices in the passenger vehicle segment, Volkswagen India said in a statement.
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