India's leading automobile companies are announcing to raise the prices of all their cars to cope with increasing costs. Yesterday, the country's number one automaker Maruti Suzuki announced the increase in the price of passengers up to 5 percent. This time, Tata Motors, the largest commercial car maker in the country, has announced the rise in the price of their commercial vehicle.
Tatter Commercial vehicle prices increased
Tata Motors has informed investors through an exchange filing that the price will increase up to 2% of the company's commercial vehicles from April 1, 2020. The agency said the decision to increase the price to handle the rising input cost and the price rise will change based on separate models and variants.
Maruti Suzuki has already raised the price of passengers
Maruti Suzuki has raised the price of passenger cars before the new fiscal year begins. From April 2021 to the Indo-Japanese company, the price of all cars is going up to 5 percent. The company has decided to raise the price of the car from April 2021, but the price of the car may increase separately.
According to market experts, other business car manufacturers in India can also announce the price rise, which can increase the cost of everything from car manufacture to infrastructure. It should be noted that the world's largest economy countries are currently involved in trade war against each other, which is increasing prices, and consumers do not have the money to spend. And manufacturers are imposing the cost of increased raw materials on consumers.
