new Delhi, March 18 -- Two of India's largest vehicle makers have announced further price hikes amid struggling sales, which analysts say is an unavoidable move that could further slow demand.
Maruti Suzuki India Ltd, the country's largest carmaker, on Monday announced that it will increase the prices of its vehicles by up to 4% from April because of rising input costs and operational expenses.
Tata Motors Ltd announced a price increase of up to 2% across its range of commercial vehicles, also from 1 April.
For Maruti, the latest increase is its third this year amid rising costs of key raw materials such as aluminum, which has seen its price surge nearly 10% since January.
Maruti, Hyundai Motor India, Mahindra and Mahindra Ltd, and JSW ...