Overview
- Tata Motors will implement a weighted-average 0.5% increase on its ICE passenger vehicles from April 1, citing continued input-cost inflation in a regulatory filing.
- BMW Group India plans price rises of up to 2% across BMW and MINI models from April 1, with the company pointing to higher logistics and material costs plus pressure from a weaker rupee.
- PTI reports that Mercedes-Benz India and Audi India have announced price hikes starting next month.
- Maruti Suzuki is reported to be reviewing a price increase, with no formal decision announced.
- The Nifty Auto Index fell 3.06% intraday and is down 15.8% year to date, while Tata Motors shares dropped 4.87% intraday and 6.41% this year.