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After a prolonged downturn, India s steel industry is set for good times. But it may have to expand quickly to meet the expected spike in demand

Republic ofSouth africaAndhra pradeshBull runNorth westSouth koreaNew marketFree stateSouth koreanManish guptaSaurabh bhatnagarMonnet ispatVvikas bajajNirmala sitharamanUsha martinNaveen vaidyanathan

Back on Growth Path- Business News

Back on Growth Path- Business News
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Republic ofSouth africaAndhra pradeshBull runNorth westSouth koreaNew marketFree stateSouth koreanManish guptaSaurabh bhatnagarMonnet ispatVvikas bajajNirmala sitharamanUsha martinNaveen vaidyanathan

Auto companies to hike prices again as steel rates soar

Auto companies to hike prices again as steel rates soar SECTIONS Share Synopsis The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a markup of 1-3%. Mahindra & Mahindra, Eicher Motors and Ashok Leyland may hike prices in April-May to neutralise the pinch of the sharp rise in costs of steel, aluminium and other metals. (Representative image) (This story originally appeared in on Feb 15, 2021)CHENNAI: The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a markup of 1-3%. Mahindra & Mahindra, Eicher Motors and Ashok Leyland may hike prices in April-May to neutralise the pinch of the sharp rise in costs of steel, aluminium and other metals.

Tamil naduVvikas bajajRajesh jejurikarGopal mahadevanAssociation of indian forging industryMahindra groupEicher motorsAshok leylandSiddhartha lalRoyal enfieldIndian forgingAuto companiesAuto companies hike pricesPrice hikesSteel ratesSharp rise

Cap on steel prices not needed in an open economy: JSPL

Cap on steel prices not needed in an open economy: JSPL Addressing a webinar organised by Care Ratings, V R Sharma, the managing director of JSPL said the government should instead lead by example by asking PSUs like Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd to reduce prices Sumant Banerji | December 29, 2020 | Updated 21:06 IST With the mood turning against the industry, Sharma of JSPL admitted that prices need to get stable over the next few months and the industry needs to be cautious about any further hike As the clamour for curbing runaway prices of steel in the domestic market is gaining momentum, one of India s largest integrated steel companies Jindal Steel and Power Ltd has said the government should resist the temptation to cap prices of the commodity and not set a benchmark on profitability in an open economy.

Nitin gadkariNarendra modiVvikas bajajDharmendra pradhanNational mineral development corporationPower ltdAssociation of indian forging industryRashtriya ispat nigam ltdSteel authority of india ltdOdisha mineral corporationJindal steelCare ratingsSteel authorityIndia ltdNational mineral developmentPrime minister narendra modi