Carmakers talk price hikes amid discounts

Quick Summary:

Dealers are struggling with high stock levels, and industry experts suggest the price hike announcements are a tactic to clear unsold vehicles before year-end.

Car companies in India are considering price hikes in the new year, despite a slowdown in demand and heavy discounts on existing inventory.

However, actual increases may be limited to select models.

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Article Details

Author / Journalist: Pankaj Doval

Category: EconomyBusiness

Markets: India

Topics: Inventory management in dealerships Discounts on SUVs Indian car market Automobile industry trends Business news Carmakers discounts Maruti Suzuki price increase Car price hike 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 06:55:54 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24246369

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 16 posts per day

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Headquarters: India

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