 "Chips, Semiconductor, Chip shortage")
Vehicle prices in India have increased since the Covid-19 pandemic hit the country two years ago. Toyota India, earlier in July, hiked the prices of Fortuner and Innova Crysta cars. Tata Motors raised the prices of its commercial vehicles by 1.5 per cent to 2.5 per cent from July 1. In two-wheelers, Hero MotoCorp hiked prices of motorcycles and scooters July 1.
Why are vehicle prices rising?
The primary reason for the price hike is the supply chain bottleneck caused by a shortage of semiconductor chips and a hike in commodity prices, including metals. The Russia-Ukraine war has made
