Sales in urban areas in May were down 16 per cent and those in rural parts 16.6 per cent (against April)
Seventy per cent of those surveyed saw at least 10 per cent increase in their monthly budget, while 55 per cent expect prices to go up by another 10 per cent in the next three months
Tata Motors on Saturday said it has hiked the prices of its passenger vehicles by an average 1.1 per cent with immediate effect
Mahindra & Mahindra on Thursday said it has increased prices of its entire model range by 2.5 per cent with immediate effect. This will result in an increase of Rs 10,000 to Rs 63,000 on the ex-showroom prices across the range, depending upon the model and the variant, the home-grown auto major said in a statement. The price revision is the result of a continuous increase in prices of key commodities such as steel, aluminium, palladium, etc, it added. "The company has taken necessary initiatives to partially offset the unprecedented hike in commodity prices to absorb the impact, passing a minimal percentage of cost increase to customers through a price revision," M&M noted. The company, which sells models like Thar and XUV700, is working with its sales and dealer network to communicate the new prices to the customers appropriately, it added. Earlier this month, the country's largest carmaker Maruti Suzuki India (MSI) has also announced an increase in prices of its entire model
The survey, conducted by Local Circles, got 11,800 responses from citizens across 311 districts of the country
We are, however, seeing an immediate slowdown in sales at urban areas as rural consumers buy smaller packs more frequently: Bizom
Common food items like lemon and tomato, besides medicines which are used in every household have also witnessed a rise in price, he said
Former Congress chief Rahul Gandhi hit out at the Centre over what he described as "Direct 'Benefit' Transfer to Modi-Mitr"
Accusing the Centre of not doing anything to control price rise of fuel and other essential commodities, West Bengal CM Mamata Banerjee insisted that a policy should be made to arrest the hike
Surjewala alleged the government is taxing the 62 crore farmers by raising the price of DAP fertilizer by Rs 150 per bag
The average increase in prices was 3.1 per cent in the past five years.
Consumers may have to pay more for daily essential items with FMCG companies mulling another round of price hike to ease inflationary pressure on commodity prices of items such as wheat, palm oil
Volumes estimated to remain weak; gross margins under pressure due to high raw material costs
Due to increase in the prices of commodities an increase in price by 2.5% will be implemented from January 1, 2022 , says the company
The increase in product prices are on account of higher input costs, GST hike
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Volume growth, amid soft rural demand, is also a key monitorable
Rossari Biotech is expecting to close FY'22 with at least 50 per cent growth in both topline and bottomline on the back of rising demand and a substantial price hike that will help boost margins
The hike could be steeper than last three rounds, pushed by an exponential increase in prices of raw materials such as steel and copper, analysts said