New Delhi: In the last few years, automakers have created a trend in which the prices of vehicles are increased at the beginning of the new year, in addition to this, at the beginning of the new financial year, companies have started increasing the prices of their vehicles. In such a situation, we estimate that after Mercedes-Benz and Audi, now the rest of the automakers are also going to announce a price hike soon. All the companies have been increasing the prices of their vehicles so far, citing the continuous increase in the prices of raw materials and commodities and this time also the same can be attributed to the main reason.
From Maruti Suzuki to Tata Motors and Mahindra to Hyundai India, they are likely to announce a price hike in their cars soon. In the current corona epidemic, where the vehicle manufacturers have suffered huge losses in the last two years, the shortage of semiconductor chips is also having a very bad effect on production. Even after the demand for cars, the vehicle manufacturers are able to produce at full speed and a long waiting list is also being given to the customers. The prices of steel, rubber and the rest of the raw materials are constantly increasing, in such a situation, the prices of vehicles are almost certain to increase.
Almost all the automakers in India have increased the prices of their vehicles in January 2022. Now, the prices are also expected to be increased in the second quarter of the calendar year and the first quarter of the new financial year. Due to the increase in the prices of new cars, the demand in the second-hand car market has increased and this market is now very affordable to the customers. Apart from this, the demand for electric vehicles is also expected to increase sharply and Ola has also announced that when the next window for electric scooters is opened, it will be increased after these.