Car Prices Increased to Maintain Profit Margins

Hyundai and Honda cars with a price hike announcement

After Maruti Suzuki, Tata, and Kia, Hyundai and Honda also announced price hikes for their cars starting April 1. The companies claim that rising raw material costs make it impossible to sell cars at current prices. However, automobile experts believe the real reason is declining car sales over the past few months. Despite offering significant … Read more

Maruti Suzuki Cars to Become 4% Costlier from April

Maruti Suzuki cars in a showroom with price hike announcement.

Maruti Suzuki India and Tata Motors announced on Monday that they will increase vehicle prices from April. This marks the second price hike this year, as companies attempt to offset the rising cost of raw materials. Maruti Suzuki stated that it will raise the prices of all its models by up to 4%. Meanwhile, Tata … Read more