From Maruti Suzuki To Tata Motors, Carmakers Announce Price Hikes For 2024
From Maruti Suzuki To Tata Motors, Carmakers Announce Price Hikes For 2024. (Photo: Reuters)The decision to raise prices comes amidst a trend where wholesale vehicle purchases outpace retail sales, leading to a buildup of inventory with dealers.As the year comes to a close, several prominent automakers, including Maruti Suzuki, Tata Motors, Mahindra, and Audi, have declared price hikes set to take effect from January 1, 2024.Citing the escalating demand for commodities, particularly steel, these manufacturers point to the…