Maruti Suzuki is considering a price hike as commodity prices rise and demand remains strong

Market leader Maruti Suzuki India on Monday said it is exploring a possible price hike for its vehicles as input costs rise, even as demand remains robust following the recent cuts in GST rates.Senior Executive Officer (Marketing & Sales) Partho Banerjee said rising commodity prices – especially precious metals – are driving up costs, prompting […]

Consumer businesses are holding back on price increases due to cost pressures and post-GST scrutiny

Consumer goods makers are holding back on routine price hikes despite a rise in raw material costs across categories, fearing any hikes could trigger government investigations into possible profiteering following the recent VAT cuts.Senior executives at some of the largest companies in sectors such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan […]