 "auto sector slowdown, automobiles, auto industry, automakers")
Within a week, three automobile companies -- Hero MotoCorp, Maruti Suzuki and Tata Motors -- have announced price hike. While the two-wheeler major's price hike came into force from December 1, Maruti and TaMo will hike prices from January 1, 2023.
The three companies said they continue to witness increased cost pressure, driven by overall inflation, and the proposed price hikes will help mitigate some of the impact. Tata Motors, meanwhile, added that intends to increase passenger vehicle prices from next month to also ensure that its models comply with the stricter emissions norms that are set to take effect
