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Consumers are likely to witness high memory prices, as no significant capacity addition is in the pipeline over the next 12-18 months, a top official of industry body IESA said on Wednesday. India Electronics and Semiconductor Association President Ashok Chandak, on the sidelines of Bharat Digital Infrastructure Association event, told reporters that setting up a memory plant will take time to get established. "Memory makers can not set up a plant in a few days. We are not seeing any significant capacity coming up in the next one and a half years. There will be a price rise due to high demand, and consumers will need to bear the burden," Chandak said. The price of devices, especially smartphones, has gone up by 20-30 per cent in the last six months. The entire memory capacity of memory chip maker Micron in India has been booked due to high demand. Chandak said the ongoing crisis in West Asia is impacting the entire economy, and there is some impact on electronics also. "The criti
A Rs 3-per-litre increase in petrol and diesel prices has helped state-run oil marketing companies trim daily losses by nearly a quarter, reducing overall losses to around Rs 750 crore per day from Rs 1,000 crore, a senior oil ministry official said Monday. However, elevated global crude prices and a weak rupee continue to keep pump rates below cost-recovery levels. At a news briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said a bailout package, in the form of a government subsidy to make up for losses state-owned oil companies are incurring on selling petrol, diesel and cooking gas LPG below cost, is "still not on the table". International oil prices rose sharply after the US-Israeli war against Iran triggered the largest-ever oil supply disruption. To keep the domestic market insulated, the state-owned oil companies continued to sell fuel at two-year-old rates till May 15, when prices of petrol and diesel were raised by Rs 3 per litre. The
Tata Motors on Monday said it will increase the prices of its commercial vehicle range by up to 1.5 per cent from April 1. The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, the company said in a regulatory filing. The increase will vary, depending on the model and variant, it added. Part of the USD 180 billion Tata Group, Tata Motors is India's largest manufacturer of utility vehicles, pick-ups, trucks, and buses. Tata Motors shares on Monday ended 2.82 per cent up at Rs 437.75 apiece on BSE.
Mercedes-Benz India on Friday said it will hike vehicle prices by up to 2 per cent from January in order to offset the impact of weakening rupee value against the Euro. The price correction, capped at 2 per cent, reflects sustained forex pressures that have characterised the luxury automotive landscape throughout 2025, the luxury car market leader said in a statement. "Currency headwinds have persisted longer than we anticipated this year, with the Euro consistently trading over the Rs 100 mark. This prolonged volatility affects every aspect of our operations, from imported components for local production to completely built units," Mercedes-Benz India MD and CEO Santosh Iyer said. The currency environment has created substantial cost pressures across the supply chain, affecting both imported components for local assembly, as well as import of CBU (completely built vehicles), the Pune-based automaker said. Despite the company's aggressive localisation strategy, which continues to .
Courier services provider Blue Dart Express on Monday said it will increase the prices of its shipments between 9-12 per cent from January 1, 2026. To support new customers and encourage business growth, those signing up between October 1 and December 31, will not be impacted by the upcoming General Price Increase (GPI), it said. This pricing adjustment is essential to maintaining speed, reliability, and customer-centric solutions, while addressing the impacts of inflationary pressures, escalating airline costs, and the complexities of global supply chains, the company said. The average shipment price is set to increase in the range of 9-12 per cent, depending on product variabilities and the customer's shipping profile, Blue Dart Express said in a statement. In line with its annual practice, Blue Dart undertakes a comprehensive review of its pricing structure to ensure continued service excellence while fostering sustainable ecosystem collaboration, it said. "The General Price .
Mercedes Benz India plans to hike prices by 1-1.5 per cent from September to mitigate the impact of a weak rupee against the euro, according to its MD and CEO Santosh Iyer. The luxury car market leader has already hiked vehicle prices twice this year, first in January and then in July. "There is another price hike coming up in September, because of the euro. If you see, the last one month has remained at the 100 mark (INR), and that has not changed. Therefore, we will have to undertake an increase as well in September," Iyer told PTI in an interaction. The price hike is expected to be in the range of 1-1.5 per cent, he added. When asked if the increase in prices could impact sales, Iyer stated that the reduction in interest rates is somehow balancing the monthly outgo for buyers in equated monthly instalments (EMIs). Around 80 per cent of the company's new car sales are financed, he noted. "So, when you look at the EMIs, we have tried to keep the same, though the price of the car