![]() ![]() “Of course there is a need for price increase but how much we can make is not in our hands,” he added. Now, there is no linkage between the cost increase and price increase. ![]() Vinod Aggarwal, MD & CEO, Volvo Eicher Commercial Vehicle, said the company used to think that if there was inflation it would have to be passed on as price hike. But, we all know that there is a reality and sensitivity to the market as to how much can be passed on by price hike,” Veejay Nakra, CEO, automotive, Mahindra & Mahindra, said. ![]() “This will certainly have an impact on the cash flow and production cost of the business. The current supply chain crisis will force the industry to move to a new bucket of strategies which will include creating an inventory model for some components and Just-in-Time for a few others. According to sources the price hike may be applicable from the first week of January and that has been the tradition. The way things are happening, we should expect more price increases in future,” Rajeev Chaba, President and Managing Director, MG Motor India, said at the ETAuto Connected Vehicle Virtual Summit 2021. The way things are happening, we should expect more price increases in future,” says Rajeev Chaba, President and Managing Director, MG Motor India.“We have not been able to pass on the complete cost pressure to the customers. Most of the companies are readying for the fourth price hike of the year. Yet, most of the automakers feel the cost impact was not fully passed on and very soon they might resort to another round of price increase. New Delhi: India witnessed the most frequent car price hikes this year attributed to alleged input cost increases. Carmakers fear that the overall inflation and the increase in fuel prices would make the passing on of the complete cost implication impossible. ![]()
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