News > Automakers are rising car prices amid weak sales and rising input costs
Automakers are rising car prices amid weak sales and rising input costs
Business Insider | 18/01/2022 04:16 PM | Click to read full article
Automaker Tata Motors announced that it has decided to hike prices of its cars from January 19, 2022 due to rise in input costs.Not only Tata Motors, Maruti Suzuki had also raised car prices on January 15 in the range of 0.1% to 4.3 %.
Rise in fuel prices, commodity prices like steel, shortage of semiconductors and a possible third wave that could impact demand and production operations are some of the factors affecting the automobile industry.