The company stated that the price increase is necessary to partially offset the impact of rising input costs, with the extent of the hike varying based on the specific model and variant.
"India's final manufacturing PMI marked a six-month high in January. Domestic and export demand were both strong, supporting new orders growth. The employment PMI suggested robust job creation in the manufacturing industry, as the index increased to its highest level since the series was cre
Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, "At Hyundai Motor India Limited, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in input cost, it has now become impe
Speaking to reporters at Vidhana Soudha, he said, "BJP has once again demonstrated that it is anti-farmer by opposing the milk price hike. A hike of Rs per litre has been done to benefit the farmers. The quantity of milk has also been increased proportionately. Price hikes should not be poli
Renowned actor and theatre personality Nana Patekar has pitched for farmers getting a price for their crops that is 50 per cent higher than their input costs and expressed confidence that the new NDA government and the opposition will work together for the welfare of people.
New Delhi [India], January 30: Following the robust recovery observed in the real estate sector in 2023, the industry, while still contending with challenges like elevated input costs and increasing interest rates, is eagerly awaiting the upcoming budget presentation by Finance Minister Nirm
Cars manufactured by Hyundai Motor India will cost more starting January 2024. The automaker announced on Thursday that the price increase was needed owing to rising input costs, an adverse exchange rate, and an increase in commodity prices, amongst other reasons.
Nationalist Congress Party leader Supriya Sule on Tuesday accused the BJP-led Central government of being anti-farmer and said that the farmers are suffering due to the increased input costs.
The Reserve Bank of India, in its monthly bulletin on Tuesday, noted that consumer price inflation (or retail inflation) in India remained high while core inflation defied to reflect the softening of various input costs.
At 59.4 in February, the seasonally adjusted S&P Global India Services PMI Business Activity Index was at its highest level in 12 years and indicated a sharp expansion in output. It was 57.2 in January. Where growth was reported, survey participants mentioned favourable demand conditions
In a virtual briefing on the GDP numbers, CEA said, "We maintain as we have mentioned in the economic survey, the growth forecasts are 6.5 per cent for 2023-24. If you look at where we are, in terms of the advanced estimates, manufacturing on the face of it appears to have slowed down in rea