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Indian automakers are preparing for another round of price hikes as input costs, especially for steel and other critical materials, continue to climb. The move comes amid rising global commodity prices and supply chain disruptions, placing pressure on manufacturers to pass some of the burden onto consumers.
According to industry insiders, steel remains one of the biggest cost drivers in vehicle production. The upward trend in steel prices is affecting the cost structure of both passenger and commercial vehicles. Other materials, including aluminum, plastics, and electronic components, have also seen price fluctuations in recent months.
Companies like Maruti Suzuki, Tata Motors, and Mahindra are closely monitoring the situation. While some have already implemented small price revisions earlier this year, additional increases may be necessary if cost pressures persist into the next quarter.
The potential hike could impact consumer sentiment, especially in the entry-level and mass-market segments. However, with festive demand approaching, automakers are likely to balance pricing strategy carefully to avoid dampening sales momentum.
Industry analysts suggest that while some OEMs may absorb a portion of the cost to stay competitive, overall vehicle prices in India are expected to trend upward through the remainder of 2025.
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