Carmakers talk price hikes amid discounts
Car companies in India are considering price hikes in the new year, despite a slowdown in demand and heavy discounts on existing inventory. Dealers are struggling with high stock levels, and industry experts suggest the price hike announcements are a tactic to clear unsold vehicles before year-end. However, actual increases may be limited to select models.
Car companies in India are considering price hikes in the new year, despite a slowdown in demand and heavy discounts on existing inventory. Dealers are struggling with high stock levels, and industry experts suggest the price hike announcements are a tactic to clear unsold vehicles before year-end. However, actual increases may be limited to select models. What's Your Reaction?
