Economic TimesLean R·
Carmakers partly absorb commodity shocks
Mumbai: India's biggest carmakers are partly absorbing a sharp rise in commodity costs rather than passing on the entire burden to customers, betting that uninterrupted production is more crucial than protecting margins at a time when demand continues to be robust. Car sales in India have been advancing at a fast clip since last October despite concerns such as the Iran-US war and resultant increase in fuel prices. Sales grew at an estimated 34% year-on-year to 469,162 vehicles in July.Executiv…
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