Rising costs lead Maruti, Mahindra, MG Motor to hike prices in 2025

Quick Summary:

Hyundai on Thursday announced that it will raise prices up to Rs 25,000 from January 2025, citing similar reasons.

Prices in key raw materials like aluminium, zinc, and rubber have shot up, along with rising logistics expenses.

Aluminium prices have risen by 10.6 per cent year-on-year, while rubber prices have surged by 26.8 per cent, contributing significantly to increased production costs according to Bloomberg data.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Indian companies MG Motor Mahindra Hyundai Motor Maruti

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 21:23:02 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 24170950

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