Maruti Suzuki may raise prices as Iran conflict raises costs
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Maruti Suzuki might soon raise car prices, thanks to the Iran conflict making essentials like oil and metals more expensive.
Even though India recently cut some taxes, those savings are being wiped out by these global price hikes.
Partho Banerjee warns of pass-through costs
Maruti's sales chief, Partho Banerjee, says it will likely have to pass these extra costs on to customers, which could slow down the current demand for small cars.
Still, Maruti managed a 10% jump in domestic sales last month, and exports to West Asia (about 12.5% of its total) could see delays due to the ongoing situation.
Hyundai is feeling it too: its overseas shipments dropped 10% in March, even as local sales went up.