Trucks, 2-wheelers to cost more on ABS, AC cabin rules
New Delhi, June 25 -- Planning an automobile purchase? Prices may be about to rise, from the humble two-wheeler to a full-sized truck. New government regulations, including mandatory air-conditioned cabins for trucks and a likely anti-lock braking system (ABS) for all two-wheelers, are set to drive up manufacturing costs that may be passed on to consumers, according to industry captains and analysts.
Costlier raw materials such as aluminium, and a global squeeze on rare earth magnets are adding to the pressure, leaving industry leaders and analysts to predict a potential wave of price hikes across autos, especially two wheelers and commercial vehicles (CVs) like trucks.
To be sure, prices of cars, which have already been increased in recent...
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