Auto firms have foot on price pedal, even as commodity costs tail off

Between March 31 last year and January 13 this year, the prices of raw materials such as Aluminium, Copper and Tin have decreased at the London Metal Exchange

Automotive (auto) majors like Maruti Suzuki India (MSIL), Tata Motors, Kia India, and Hero MotoCorp have continued to hike prices, even as commodity costs have eased during the past several months. This is being done to recover earlier surges in raw material costs and prepare for the anticipated real driving emission (RDE) norms, said industry sources and experts.
 

MSIL announced it was increasing the prices of its models by 1.1 per cent from Monday due to increased cost pressure, driven by overall inflation and recent regulatory requirements.
 

Between March 31 last year and January 13 this year, the prices of