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ā¢ Several automakers in India, including Maruti Suzuki, Mahindra & Mahindra, and Audi India, have announced plans to increase the prices of their passenger vehicles in January 2024 due to overall inflation and increased commodity rates.
ā¢ Tata Motors and Mercedes-Benz India are also considering price hikes, while Audi India has already announced a 2% increase in prices across its model range.
ā¢ Maruti Suzuki India's Senior Executive Officer stated that the price hike would be substantial for some models, while Tata Motors and Mercedes-Benz India have yet to announce the exact quantum of the increase.