/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Carmakers announce yet another price hike despite record margins and falling raw material costs, citing high input costs even in the face of evidence to the contrary.
India’s largest carmaker, Maruti Suzuki India, announced on Monday that it is considering a price hike from January 2024. Following suit, Tata Motors, Audi India and Mercedes-Benz India also announced similar intent. A chain reaction into other brands can realistically be expected over the next month. The reasons cited by these carmakers centre around cost pressures driven by overall inflation and high commodity prices.
This may not be entirely accurate, on two counts.
For one, carmakers usually see a dull retail sales month in December. Buyers prefer to wait till January of the next year to get a new model …
From net debt-free to billions in bridge financing, the Iveco acquisition means the automaker’s commercial vehicles business begins its independent journey on fragile financial ground.
Cheaper, high-tech cars from China have flooded the UAE auto market in the past few years—sometimes entering through the back door.
Elon Musk's Tesla has chosen a lean, retail-only strategy for India. It seems to be a sensible business choice.
