Maruti and Hyundai to TVS flag pressure on margins from rising prices of aluminium, copper and steel. The companies have either increased prices or are planning hikes in January-March.
Maruti and Hyundai to TVS flag pressure on margins from rising prices of aluminium, copper and steel. The companies have either increased prices or are planning hikes in January-March.
NEW DELHI : For Indian automakers, a surge in sales after the September tax cut has been eclipsed by a new concern: soaring raw material costs. Many are contemplating price increases at the risk of suppressing demand.