The car makers such as Maruti Suzuki, Hyundai, Tata Motors, Toyota, Ford, General Motors and Mercedes Benz have decided not to go for another price hike in current situation. The car makers are really in bad mood considering continues declining sales numbers and cost pressure.
These car players have decided not to go for one more price hike considering weak demand, which will further hit the demand if price hike is exercised. The few player had increased prices recently considering their own ability to win the market and maintain the margin instead of number of customer. Such players include Honda, Mahindra and Mahindra, Audi etc.
Sale number of March declined by 7 % in March to 2.38 lakh units and talking about yearly basis, the sale declined by 5% tp 17.86 lac units in previous fiscal. Now, auto industry expert expect positive signs in the industry after the formation of new government and hope for some better policy deviations to make industry hopeful that now it is.!
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