Tata Motors, Audi (VOW3 GY) and BMW’s (BMW GY) India unit plan price increases from April as higher material and logistics costs linked to Middle East turmoil pressure the market, Nikkei reports
Importance
Level 1
- Tata Motors will raise commercial vehicle prices by up to 1.5% and its passenger vehicle business by 0.5% on average.
- Audi and BMW will increase prices by up to 2%, with BMW’s changes effective 1st April.
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