Carmakers to hike prices from January to absorb input costs

Maruti Suzuki, Mahindra & Mahindra, Ford, Toyota, Mercedes Benz and Audi plan to raise the prices from January 2020. The carmakers told ET that the price hike has been planned to counter the inflationary pressures. The country’s largest carmaker Maruti Suzuki said the production cost has shot up because of increase in raw material prices.

from Auto-Industry-Economic Times https://ift.tt/37ZIkgl