The Economic Times

Automakers likely to implement price hikes in coming months to counter soaring costs: Ashok Leyland MD

Automakers anticipate implementing calibrated price increases in upcoming months. High commodity costs are exerting pressure on manufacturer profit margins. The auto industry is preparing for a greater push towards electrification of mobility. A multi-fuel pathway including diesel and hydrogen is also highlighted. Pricing actions will be undertaken wisely to avoid market disruption.