Audi said its price increase effective from January 1, 2022 will be up to 3% across its entire model range owing to rising input and operational costs
Maruti Suzuki continues to dominate the Indian market with almost 42% market share in the festival month of October, 2021.
The company said that the demand and bookings have been good
Sales of passenger vehicles, which comprise cars, SUVs and vans, dipped 22% in October due to supply-side constraints.
Due to the semi conductor shortage, MG Motor India's retail sales dipped by 24% to 2,863 units in October amid production challenges
Most brokerages have cut their earnings estimates to factor in chip shortage impact
The value of the pending orderbook is estimated at Rs 35,000 crore.
Mini cars models, Alto and S-Presso's production was at 17,163 units last month as against 30,492 units in the year ago period
In September 2021, the overall passenger vehicle production stood at 77,782 units as compared to 1,61,668 units in the previous year
The company's revenue rose 5% annually between FY16 and FY21, which was faster than Maruti Suzuki's growth of 3.38%