With 70-100% of their vehicle components being imported, these brands are reeling under cost pressures and have announced price hikes of 2-3%, effective January 1.
"BMW Group India's strategic price adjustment, across the range of models, is a response to shifting market conditions, inflation, and increasing input costs," a company spokesperson said.
Diese Geschichte stammt aus der December 26, 2024-Ausgabe von Financial Express Hyderabad.
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Diese Geschichte stammt aus der December 26, 2024-Ausgabe von Financial Express Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Tech firms likely to challenge Trai's international SMS rules
GLOBAL COMPANIES SUCH as Truecaller, Amazon and Uber are likely to urge the department of telecommunications (DoT) to not expedite approval to recommendations by the Telecom Regulatory Authority of India (Trai) on international SMS traffic.
Trump tariff burden on India pegged at $14.6 bn
If the incoming Donald Trump administration goes ahead with the proposed tariff hikes, it would result in an additional duty burden of $14.6 billion on India's exports to the US, according to a report by Boston Consulting Group (BCG).
Food inflation down to 8.34% in Dec
More Relief In Sight
Trump tariff burden on India pegged at $14.6 bn
IF THE INCOMING Donald Trump administration goes ahead with the proposed tariff hikes, it would result in an additional duty burden of $14.6 billion on India's exports to the US, according to a report by Boston Consulting Group (BCG).
Direct tax collections rise 15.9% to ₹16.9 lakh cr
THE CENTRE'S DIRECT tax collections, after refunds, grew 15.9% year-on-year to ₹16.9 lakh crore till January 12 in the current financial year, data released by the finance ministry showed on Monday.
Finished steel imports at 6-year high
INDIA'S FINISHED STEEL imports hit at least a six-year high in the first nine months of FY25, according to provisional government data.
Import duty tweaks to boost local manufacturing sought
AS IMPORT TAXES cease to be a major revenue source for the government, the Budget for FY26 should be used to strategically adjust the rates to boost domestic manufacturing and bring average tariffs down, trade policy think tank GTRI said on Monday.
Indian, Chinese refiners seek new crude sources
The government does not expect any disruption to Russian oil supply in the next two months, given that US-sanctioned tankers are allowed to deliver crude until March, a senior official said on Monday.
Hopeful about higher agri growth in FY25: Principal secy to PM
THE AGRICULTURE AND allied sector is poised for stronger growth in FY25, driven by favourable monsoon conditions, according to P K Mishra, principal secretary to the Prime Minister.
Rupee depreciation over long term good for India: Panagariya
REFERRING TO THE rise of India's fortunes after the rupee was devalued in 1991, Sixteenth Finance Commission chairman Arvind Panagariya on Monday said the current policy of allowing the rupee to depreciate in the long run while managing it in the short run is the right one.
