Steel Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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